Property Tax Exemptions: Who Qualifies and How to Apply

 

Paying property tax is an unavoidable part of being a homeowner. However, did you know that property tax exemptions are available on Long Island? These exemptions can help reduce your tax burden and ultimately save you money. Let's discuss who qualifies for property tax exemptions on Long Island and explain how to apply.

1. Senior Citizen Exemption

Long Island residents who are 65 or older may apply for a senior citizen exemption. This exemption can reduce your property tax bill by up to 50% if approved. To qualify, you must be a resident of the property and meet certain income requirements. To apply for a senior citizen exemption, visit your local assessor's office or apply online.

2. Veteran Exemption

There is also a veteran exemption for Long Islanders who have served in the military. This exemption applies to veterans who served during wartime or in combat zones and can reduce property tax bills by up to 15%. Qualifications require that you be a resident of the property and provide proof of military service.

3. Disability Exemption

Those who are disabled may be eligible for a disability exemption. This exemption can reduce property tax bills by up to 50%. To qualify, you must be a resident of the property and provide proof of disability. Disabilities can include physical disabilities, developmental disabilities, and mental health conditions.

4. STAR Program

The STAR program is available to all New York State residents who own and live in their primary residence, and this program provides a partial exemption from school property taxes. The total income of all owners and their spouses who reside in the property must be $500,000 or less to qualify. You do not need to reapply if you are currently enrolled in the STAR program!

5. How to Apply

To apply for any of these property tax exemptions, you can visit your local assessor's office or submit an application online. You must provide documentation to prove your eligibility, such as proof of age, military service, or disability. Remember that applications are typically due by March 1st to be applied to the following year's property taxes.

Property Tax Consultants on Long Island

If you want to reduce your property taxes, we’re here to help. Based in Plainview, New York, P.T.R.C., Inc. specializes in minimizing clients’ property tax assessments with personalized service. Our number one priority is customer satisfaction.