Property Exemptions

The most common property exemptions available to qualified property owners include:

• Agricultural Exemption - (RP-305) - Must qualify and renew yearly.
• Basic Star Exemption - Beginning March 1, 2015 new applications for this exemption are being administered by New York State Department of Taxation and Finance. To register with them call 518-457-2036 or visit the New York State Department of Taxation and Finance website.
• Business Exemption - (RP-485-B) - Applies to new construction or remodeling of an existing structure. This exemption is phased out over a 10 period. Must qualify.
• Enhanced Star Exemption - (RP-425-E) - Must be 65 years by December 31st and have income under $86,000. Yearly renewal required.
• Low Income Disability- (RP-459) - Yearly renewal required. Must submit one of the following with application:
  • Award letter from Railroad Retirement Board
  • Award letter from Social Security Administration
  • Certificate from State Commission for the Blind and Visually handicapped
• Senior Citizen Exemption - (RP-467) - Must be 65 year or older, income must be under 25,000 inclusive of social security income. Yearly renewal required.
• Veterans Exemption - (RP-458-A FOR ALTERNATIVE VET or RP-458-B FOR COLD WAR VET) - When applying a copy of form DD214 must be turned in with the application. No renewal required each year.