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State Lowers STAR Exemption. Assessment Discount to Decrease. Effects School Tax Posted on Thursday, April 17 @ 14:29:22 EDT by jfbailey

Schools

WPCNR SCHOOL DAYS. By John F. Bailey. April 17, 2008: WPCNR News has learned that the New York State Office of Real Property Services has lowered the STAR exemption statewide effective with the fiscal year. The effect of this is to lower the discount White Plains homeowners receive on their home assessments. The formula has been changed. This will have the effect of lowering your discount, and therefore increasing your school tax, depending on the formula which has just been forwarded to assessors.

WPCNR continues to follow this story to determine the impact on the local school tax, just approved by the White Plains Board of Education.


 
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