Relates to adjusting the STAR credit depending on the age of a person
HELD FOR CONSIDERATION IN REAL PROPERTY TAXATION
Summary
The bill raises the base amount of both basic and enhanced STAR exemptions when the youngest qualifying owner is 65 or older, using a sliding scale of 10% to 50% depending on age. It applies only to owner‑occupied homes that already meet STAR eligibility and ensures the increase cannot make the taxable value negative or give a parcel multiple exemptions. The change is meant to give senior homeowners greater tax relief.
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