New Yorkers must re-register for STAR property tax rebate
Tue, 26 Mar 2013 16:00:38 GMT —
All New Yorkers receiving the STAR property tax rebate will have to re-register for the local school tax breaks because of reports of widespread abuse and fraud.
The law concerning the $3 billion STAR program is part of the state budget bills now being passed in Albany.
Last month, Rockland County District Attorney Thomas Zugibe reported his detectives found $679,000 of fraud or incorrect filing in just five towns.
He said the tax break was illegally applied to second homes and some landlords were taking the credit for their homes and for rental properties and rooming houses.
Officials say abuses and faulty filings cost the state $13 million in the 2011-12 fiscal year and will cost an estimated $73 million by the 2015-16 fiscal year unless changes were made.