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The Basic STAR is open to the primary residence of any New York State resident and exempts $30,000 from the true value of a home or property. The Enhanced STAR, for eligible senior citizens at or above age 65, exempts an annually variable amount ($65,300 for the 2015-2016 school year ) from the true value of their primary residence. [ 2 ]
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An analysis by the IBO found that a 35-year tax exemption program would cost $8.4 billion over the next ten years, although developers claim that this figure assumes that qualifying projects would have been built without the exemption anyway. [25] Critics claim that the new 421-a program will cost city taxpayers even more than the old plan.
(The Center Square) – Amid a push to raise the annual cap on property tax increases statewide, Sen. Phil Fortunato, R-Auburn, wants the Legislature to exempt around 500,000 senior citizens ...
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The 2024 New York State Senate election was held on November 5, 2024. [1] Primary elections were held on June 25, 2024. [ 2 ] In this election, the Democratic Party retained its State Senate majority, but lost its veto-proof (two-thirds) majority after it lost one seat in the election for the 17th Senate district.
New York continued that trend in 2024, but Democrats saw a huge underperformance compared to past elections. All counties in the state except for Hamilton, Yates, and Tompkins swung towards the Republicans in 2024. Outside of the five boroughs of New York City, Trump won it with 2,740,061 votes to Harris's 2,715,851 votes, or 48.6% to 48.2% ...