Rp 425 Form PDF Details

The RP-425 form, provided by the Department of Taxation and Finance, serves as an essential document for homeowners seeking the School Tax Relief (STAR) Exemption in New York State. This program offers a significant opportunity for homeowners to receive exemption from school taxes on their primary residences, provided specific eligibility criteria are met. For instance, the combined income of the owners and any spouses residing on the property should not exceed $500,000 for the calendar year prior to the application. Furthermore, the form facilitates both Basic and Enhanced STAR exemptions, with the latter aiming at senior citizens 65 years or older with a combined 2014 income of $84,550 or less. The completion of this form necessitates meticulous attention, requiring applicants to provide accurate information about property ownership, residency, and income—in addition to ensuring compliance with the specific deadlines that vary across counties. Misrepresentation of any key information, such as primary residence, age, or income, can lead to strict penalties, including a prohibition from receiving the STAR exemption for up to six years and potential criminal prosecution. Additionally, this document underscores the state's efforts to simplify the process for seniors through the introduction of the STAR Income Verification Program, which minimizes the need for annual reapplication by verifying income eligibility automatically. As such, the RP-425 form stands as a critical tool in enabling New York State residents to navigate the complexities of property tax relief, highlighting the state's commitment to providing financial ease to qualifying homeowners and senior citizens.

QuestionAnswer
Form NameRp 425 Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesny star program, ny state star program, new york application star, nys star exemption

Form Preview Example

Department of Taxation and Finance

Application for School Tax Relief (STAR) Exemption

For help in completing this form, see the instructions on page 2. Attach additional sheets if necessary.

RP-425

(10/15)

Name(s) of owner(s)

Mailing address of owner(s) (number and street or PO box)

 

Location of property (street address)

 

 

 

 

 

 

 

 

City, village, or post ofice

State

ZIP code

City, town, or village

State

ZIP code

 

 

 

 

 

Daytime contact number

Evening contact number

School district

 

 

 

 

 

 

E-mail address

 

 

Tax map number of section/block/lot: Property identiication (see tax bill or assessment roll)

 

 

 

 

 

 

Name(s) of any non-owner spouse(s)

 

 

 

 

 

Address(es) of primary residence(s) if different from above:

Eligibility

Note: The New York State Department of Taxation and Finance will conirm income eligibility of STAR recipients.

1Did the combined income of the owners and spouses who reside on the property exceed $500,000 for

calendar year 2014?

Yes

If Yes, you are not eligible for the STAR exemption for the 2016-2017 school year.

 

No

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

Yes

No

3Do you or your spouse own property in another state that you are claiming as your full time residence and

 

are receiving a residency tax beneit, such as the Florida Homestead exemption?

Yes

 

No

If Yes for either 2 or 3, give the address of each such property:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

You may be eligible for larger school property tax savings if you meet the following age and income requirements.

4If you are applying for STAR for the 2016-2017 school year:

a)Will all owners be at least 65 years of age as of December 31, 2016? or

b)If the property is owned by a married couple or by siblings, will at least one of the spouses or siblings

be at least 65 years of age as of December 31, 2016?

Yes

No

5Is the total 2014 combined income of all the owners, and of any owners’ spouses residing on the

premises, $84,550 or less? (See Income for STAR purposes on page 2.)

Yes

No

Note: If the answer to both questions 4 and 5 is Yes, all owners, including nonresident owners, must attach a copy of either their 2014 federal or 2014 state income tax returns (if iled). Tax schedules and tax form attachments are not required unless requested. The assessor may also require proof of age.

Certiication

Caution: Anyone who misrepresents his or her primary residence, age, or income will be subject to a penalty of the greater of $100 or 20% of the improperly received tax savings, prohibited from receiving the STAR exemption for six years, and may also be subject to criminal prosecution.

I (we) certify that all of the above information is correct, that the property listed above is owned by me (us) and is my (our) primary residence and that my (our) 2014 income was less than $500,000. I (we) understand it is my (our) obligation to notify the assessor if I (we) relocate to another primary residence and to provide any documentation of eligibility that is required.

All resident owners must sign and date this form.

Signature

Date

Signature

Date

Return this form to your local assessor by taxable status date (see Deadline on page 2).

Do not ile this form with the New York State Department of Taxation and Finance or the Ofice of Real Property Tax Services.

Page 2 of 2 RP-425 (10/15)

Instructions

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 2014 income of the owners and spouses who reside on the property does not exceed $500,000. Senior citizens with combined 2014 incomes that do not exceed $84,550 may qualify for a larger Enhanced exemption.

Note: 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 Veriication Program. See Form RP-425-IVP, School Tax Relief (STAR) Exemption,

Optional Income Veriication Program, for more information.

Seniors who do not choose to enroll in the income veriication 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 iled 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.

Once a new homeowner has applied to his or her local assessor and received a Basic STAR exemption, the homeowner is required to register his or her STAR exemption with the NYS Department of Taxation and Finance (DTF). The homeowner will be notiied by mail when he or she is to register with DTF.

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 beneiciaries 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 identiication number may be obtained from either the assessment roll or your tax bill.

Income for STAR purposes: Use the following table for identifying the line references on 2014 federal and state income tax forms. You may not use your 2015 tax forms.

Form

Title of income

Income for STAR

number

tax form

purposes

 

 

 

IRS

U.S. Individual

Line 37 minus line 15b

Form 1040

Income Tax

adjusted gross income minus

 

Return

taxable amount (of total IRA

 

 

distributions)

 

 

 

IRS

U.S. Individual

Line 21 minus line 11b

Form 1040A

Income Tax

adjusted gross income minus

 

Return

taxable amount (of total IRA

 

 

distributions)

 

 

 

IRS

Income Tax

Line 4 only

Form 1040EZ

Return for

adjusted gross income

 

Single and Joint

(No adjustment needed for

 

Filers With No

IRAs.)

 

Dependents

 

NYS

Resident

Line 19 minus line 9

Form IT-201

Income Tax

federal adjusted gross income

 

Return

minus taxable amount of IRA

 

 

distributions

 

 

 

This Area for Assessor’s Use Only

Application received:

 

 

Approved:

Yes

Proof of age:

 

 

Senior additional:

Yes

Proof of income:

 

 

Form RP-425-IVP received:

Yes

Proof of residency:

 

 

 

 

 

 

 

Assessor’s name

 

 

 

 

 

 

 

No

No No

Assessor’s signature

Date

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