Form Rp 425 Rnw PDF Details

The New York State Department of Taxation and Finance's RP-425-Rnw form is essential for property owners looking to renew their Enhanced School Tax Relief (STAR) Exemption, a benefit designed to provide some financial relief from school taxes on their primary residence. This renewal application is a critical process for those who have previously enjoyed the exemption and wish to continue availing of its benefits. For eligibility, the application necessitates a comprehensive review of the total 2012 income of all property owners and their spouses residing on the premises, which must not exceed $81,900. It is important to note that the definition of income for this purpose connects to the adjusted gross income as reported for federal tax purposes, excluding any taxable distributions from Individual Retirement Accounts (IRAs). Applicants are required to attach copies of their 2012 tax returns, making it a straightforward process if the necessary documentation is in order. Additionally, the form highlights the importance of honesty regarding primary residence status and income information, reminding applicants of the penalties for misrepresentation, including fines, a five-year prohibition on receiving the STAR exemption, and the possibility of criminal prosecution. The application process also touches on an alternative for senior citizens who prefer not to reapply annually – the STAR Income Verification Program. Property owners must submit their renewal applications by a certain deadline, peculiar to their local assessor’s office dates. The RP-425-Rnw form, thus, plays a pivotal role in helping eligible New York homeowners reduce their school tax burden, emphasizing the need for accurate and timely application submission.

QuestionAnswer
Form NameForm Rp 425 Rnw
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namesrp425rnw_fill_i n star property tax exemption form

Form Preview Example

New York State Department of Taxation and Finance

RP-425-Rnw

Office of Real Property Tax Services

(6/13)

Renewal Application for

Enhanced School Tax Relief (STAR) Exemption

Dear Property Owner,

You received an Enhanced STAR Exemption on your prior year school tax bill. You must reapply and resubmit proof of income to continue receiving the exemption.

The total 2012 income of all owners and any spouses of owners residing on the premises must be $81,900 or less. The definition of income is adjusted gross income for federal income tax purposes less any taxable distributions from an Individual Retirement Account (IRA). Please see the back of this form for a description of how to calculate your income from your 2012 federal and state income tax forms.

All owners, including nonresident owners, must attach a copy of either their 2012 federal or 2012 state income tax returns (if filed). (Tax schedules and tax form attachments are not routinely required.) Return this form to your local assessor by taxable status date. Do not file this form with the New York State Office of Real Property Tax Services.

Name and telephone number of owner(s)

Mailing address of owner(s)

 

 

 

 

 

 

 

 

 

Day phone number

(

)

Evening phone no.

 

(

)

Location of property

 

 

 

 

 

 

Street address

 

 

 

City/town

E-mail address

Village (if any)

School district

Tax map number or section/block/lot ____________________________________________________

Property identification (see tax bill or assessment roll)

Do you or your spouse own any other property that is currently receiving the STAR exemption?

Yes

No

Do you or your spouse own property in another state that you are claiming as your full time

 

 

residence and are receiving a residency tax benefit, such as the Florida Homestead exemption?

Yes

No

If Yes, list the address of each such property:

 

 

 

 

 

 

 

 

 

 

 

 

Caution: Anyone who misrepresents his or her primary residence, age or income shall be subject to a $100 penalty, shall be prohibited from receiving the STAR exemption for five years, and may be subject to criminal prosecution.

All resident owners must sign and date.

I (we) certify that all of the above information is correct and that the property listed above is

owned by and is my (our) primary residence. I

Signature

Date

 

 

(we) understand it is my (our) obligation to notify

 

 

the assessor if I (we) relocate to another primary

Signature

Date

residence and to provide any documentation of

 

 

eligibility that is requested.

 

 

Signature

Date

 

RP-425-Rnw (6/13) (back)

General information

The New York State School Tax Relief (STAR) Program provides an exemption from school taxes for owner-occupied, primary residences where the combined 2012 income of the owners and spouses who reside on the property does not exceed $500,000. Senior citizens with combined 2012 incomes that do not exceed $81,900 may qualify for a larger Enhanced exemption. Senior citizens who wish to continue receiving

Enhanced STAR in future years without having to reapply and submit copies of their tax returns to their assessor every year are invited to sign up for the STAR Income Verification Program. See Form RP-425-IVP for more information. Seniors who do not choose to enroll in the income verification program must reapply each year to keep the Enhanced exemption in effect. If you are receiving the Basic exemption, you usually do not need to reapply in subsequent years, but you must notify the assessor if your primary residence changes and must provide income documentation when requested.

Deadline: The application must be filed with your local assessor on or before the applicable taxable status date, which is generally March 1; in Westchester towns it is either May 1 or June 1 - contact local assessor; in Nassau County it is January 2, and; in cities, check with your assessor. For further information, ask your local assessor.

Application instructions

Print the name and mailing address of each person who both owns and primarily resides in the property. (If the title to the property is in a trust, the trust beneficiaries are deemed to be the owners for STAR purposes.) There is no single factor which determines whether the property is your primary residence, but factors such as utility bills, voting and automobile registrations, and the length of time you occupy the property each year may be relevant. The assessor may ask you to provide proof of residency and ownership. For the enhanced exemption, proof of age may also be required. The parcel identification number may be obtained from either the assessment roll or your tax bill.

Income for STAR purposes: Use the following table for identifying line references on 2012 federal and state income tax forms. You may not use your 2013 tax forms.

Form no.

Title of income tax form

Income for STAR purposes

 

 

 

IRS Form

U.S. Individual Income Tax

Line 37 minus line 15b

1040

Return

“adjusted gross income” minus “taxable amount” (of total IRA distributions)

 

 

 

IRS Form

U.S. Individual Income Tax

Line 21 minus line 11b

1040A

Return

“adjusted gross income” minus “taxable amount” (of total IRA distributions)

 

 

 

IRS Form

Income Tax Return for Single

Line 4 only

1040EZ

and Joint Filers With No

“adjusted gross income" (No adjustment needed for IRAs.)

 

Dependents

 

 

 

 

NYS Form

Resident Income Tax Return

Line 19 minus line 9

IT-201

 

“federal adjusted gross income” minus “taxable amount of IRA distributions”

 

 

 

This Area for Assessor’s Use Only

Application received

 

 

 

Approved

Yes _____

No _____

Proof of age

 

 

 

Senior additional

Yes _____

No _____

Proof of income

 

 

 

Form RP-425-IVP received

Yes _____

No _____

Proof of residency

 

 

 

 

 

 

Assessor’s signature

 

_________

Date _____________________

 

How to Edit Form Rp 425 Rnw Online for Free

Should you would like to fill out Form Rp 425 Rnw, you don't have to install any kind of software - just try our PDF editor. FormsPal team is focused on making sure you have the perfect experience with our editor by regularly releasing new capabilities and enhancements. Our editor has become much more useful with the most recent updates! At this point, working with PDF forms is simpler and faster than ever before. With a few simple steps, you are able to begin your PDF editing:

Step 1: Open the PDF doc inside our editor by clicking on the "Get Form Button" in the top part of this webpage.

Step 2: When you start the file editor, you'll notice the form all set to be filled out. Besides filling in different blank fields, it's also possible to do several other things with the file, including adding custom words, modifying the original text, adding images, putting your signature on the PDF, and more.

Be mindful when filling in this form. Ensure every single blank field is filled out correctly.

1. The Form Rp 425 Rnw usually requires specific details to be typed in. Be sure the subsequent blank fields are filled out:

Filling in part 1 of Form Rp 425 Rnw

2. Once your current task is complete, take the next step – fill out all of these fields - All resident owners must sign and, Date, Signature, Date, and Return this form with Form RPIVP with their corresponding information. Make sure to double check that everything has been entered correctly before continuing!

Stage number 2 for filling out Form Rp 425 Rnw

3. Completing Location of property Property, Location of property street address, Unit number, City town or village, Contact name, Phone number, State, ZIP code, Email address, All owners of the property and any, Authorization I we authorize the, Please print the names of all, First name, Last name, and Social Security number is essential for the next step, make sure to fill them out in their entirety. Don't miss any details!

Filling out part 3 of Form Rp 425 Rnw

4. This next section requires some additional information. Ensure you complete all the necessary fields - For assessors use only, and Municipal code Ownership code - to proceed further in your process!

Filling out section 4 in Form Rp 425 Rnw

People who use this form frequently make some errors when filling out For assessors use only in this part. You should go over what you enter right here.

Step 3: Before finishing this document, you should make sure that blank fields are filled out the proper way. When you believe it is all fine, click on “Done." Try a 7-day free trial option with us and get direct access to Form Rp 425 Rnw - which you are able to then begin to use as you wish inside your personal account. FormsPal is devoted to the personal privacy of our users; we always make sure that all personal information put into our tool is secure.

Form Rp 425 Rnw isn’t the one you’re looking for?

Related Documents