Join NYHA on Tuesday August 24, 2021 at 9:00 am for a Webex webinar as we discuss the upcoming changes to the STAR program. We will have our counsel, Mark Glaser, Esq., of Greenberg Traurig, and NYHA Board Member and Community Owner Joe Bono available to discuss how the changes will impact your community.
From Mark Glaser - Residents of manufactured home communities who received the STAR real property tax exemption this year will be “automatically” transitioned to the STAR real property tax credit program for the 2022‐2023 tax year. For those residents who cannot be automatically transitioned, the Department of Tax and Finance will work with the residents and community owners to accomplish the transition. As you know, this program reduced community real property tax bills by an amount equal to the STAR exemption attributable to eligible homes, and community owners were then obligated to reduce the rent of the eligible homeowners by the amount of the exemption. As a result of this legislation, community owners will no longer have to refund the amount of the exemption to their residents. Conversely, community owners will no longer receive the reduction in their real property tax bills in the amount of the STAR exemption.
Call the NYHA office with any questions: 518-867-3242.
NYS STAR Resources: https://www.tax.ny.gov/star/
For More Information:
Latham, New York 12110
United States 518.867.3242