If you own property and it is your primary residence, you are probably eligible for a STAR school property tax exemption. For more information, click on the following link: http://www.orps.state.ny.us/star/index.cfm.
Lowered STAR Exemption Values Impact Tax Bill - September 2011
Queensbury UFSD's school tax rate of $17.76/1000 of assessed value for the 2011-12 year is a 1.283% increase from $17.535 in 2010-11.
New York State reduced School Tax Relief (STAR*) tax breaks statewide to reduce the amount of money reimbursed by the state and to reflect the change in market values.
Full STAR exemption amounts for homeowners with a primary residence in the Town of Queensbury changed as follows:
Basic STAR
2011-12 Year = $22,800 (Full exemption: $22,800 x 17.760/1000 = $404.92)
2010-11 Year = $24,300 (Full exemption: $24,300 x 17.535/1000 = $426.10)
The maximum Basic STAR exempt assessed value per parcel reduced by $1,500.
Enhanced STAR
2011-12 Year = $45,680 (Full exemption: $45,680 x 17.760/1000 = $ 811.27)
2010-11 Year = $45,990 (Full exemption: $45,990 x 17.535/1000 = $ 806.43)
The maximum Enhanced STAR exempt assessed value per parcel reduced by $310.
*The Basic and Enhanced STAR Property Tax Exemptions are homestead exemptions.
-Basic STAR is available to anyone who owns and lives in his or her own home.
(Note: Effective with the 2011-12 year, Basic STAR is only available for homeowners with
an income of $500,000 or less.)
-Enhanced STAR is available to senior homeowners whose incomes do not exceed the statewide standard.
(Note: The statewide income standard for Enhanced STAR for the 2011-12 year is $79,050.)
