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Receiver of taxes Stefanich reminds residents about deadline to file for tax exemptions Oyster Bay Town Receiver of Taxes James J. Stefanich reminds Town of Oyster Bay homeowners that the deadline to file with Nassau County Department of Assessment for tax exemptions on their 2008-2009 School and 2009 General Taxes must file with the Nassau County Department of Assessment is January 2, 2008. Exemptions, resulting in property tax savings, are available to qualified residents for the following categories: •Basic STAR (New York State School Tax Relief) program provides an exemption from school property taxes for owner-occupied, primary residences. Section 425 of the Real Property Tax Law authorizes this State-financed exemption. •Enhanced STAR (New York State School Tax Relief) exemption is available to senior citizen homeowners who are 65 years of age or older during the year in which the exemption takes effect, and whose annual income does not exceed $70,650. Senior citizens whose annual income exceeds $70,650 will still be eligible for the Basic STAR exemption. •Senior Citizen exemption provides a tax savings for individuals over the age of 65, whose income is less than $35,400. To participate and receive this tax savings (between five percent and up to 50 percent reduction on certain county, town and school district property taxes) specific qualification criteria must be met. •Veterans Exemption is for those individuals who rendered service to their country during wartime. This exemption applies to county and town taxes, but not school or special district taxes. The eligibility to receive this exemption and amount to be exempted depends upon the time, duration and type of service, along with other criteria. •Gold Star Parent Exemption is available for the parent of a child who died in the line of duty while serving in the United States Armed Forces during a period of war, as defined in NYS Real Property Tax Law. •Partial Exemption for Physically Disabled is granted to those persons who qualify, and is equal to the amount of any increase in value of property attributable to improvements made for the purpose of facilitating and accommodating the use and accessibility of the property. •Partial Exemption for Persons With Disabilities and Limited Income is available to eligible applicants who have a physical or mental impairment, not due to current use of alcohol or illegal drug use, that substantially limits that person's ability to engage in one or more major life activities, such as caring for one's self, performing manual tasks, walking, seeing, hearing, speaking, breathing, learning or working. The requirements to qualify are based on the person's disability, ownership, residency and occupancy status, and income. Persons with incomes less than $35,400 can qualify to receive an exemption from five percent to 50 percent. •Home Improvement Exemption is an eight-year decreasing exemption on alterations, reconstructions or improvements that increase the assessed value of a one or two family home. In the first year, 100 percent of the assessed value of the improvement is exempt. In the second year, 87.5 percent, in the third year, 75 percent and so on. Certain eligibility requirements must be met to participate in this program. •First Time Home Buyers may apply for and receive a partial real property tax exemption. The maximum exemption is offered over five years, starting with a 50 percent exemption the first year and phasing to 10 percent in the fifth and final year. Homebuyers are subject to certain price and income limits set by the State of New York Mortgage Agency (SONYMA). •Volunteer Firefighter and Ambulance Worker Exemption is available to eligible firefighters and ambulance workers. Up to 10 percent reduction in the assessed value of their property can be obtained to volunteers who have served at least five years in a Town of Oyster Bay Fire Department in which they reside. This exemption only applies to the Town portion of the tax bill. Certain eligibility requirements must be met to participate in this program. Receiver Stefanich advises homeowners interested in obtaining an exemption to contact the Nassau County Department of Assessment at 571-1500, where they can obtain additional information and applications. They may visit the Assessor's office at 240 Old Country Rd., 4th floor, Mineola, NY11501-8402. Any resident or organization interested in obtaining a free brochure describing the STAR, Senior, or Veterans exemption can pick one up at Town Halls North (Oyster Bay) and South Massapequa), the Department of Public Works Syosset) and at major park facilities, or write to the Town of Oyster Bay Public Information Office, Town Hall East, 54 Audrey Ave., Oyster Bay, N.Y. 11771 or call 624-6380. Copies can also be downloaded from the Town's Web site, www.oysterbaytown.com.
Receiver Stefanich noted, "I want to make sure that every resident who is eligible, be they a senior citizen, veteran, new homeowner, volunteer firefighter/EMT, person with a disability, or person renovating/improving their home, take advantage of the available exemptions."
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