I had forgotten about my husband applying for a STAR exemption until the check

@writersedge (22579)
United States
October 4, 2008 8:45pm CST
came in the mail. Have you ever applied for a STAR exemption? It's a rebate or a reduction on taxes for people that own a home in some states in the United States. There is one for a homeowner. There is one for the elderly. There is one for military veterans. There is now one for middle class people. Now I am in NY State, so not sure what there are for exemptions and what they are called in your state. The ironic thing is that I got it back for paying taxes on my home as a homeowner, from last year's taxes and I'm using it to pay this year's taxes. IT will pay 1/3 to 1/4 of the taxes and came in time for this month's payment. We can have our taxes divided into payments. So have you ever applied for a tax rebate like the federal one for income taxes in the spring or these homeowner ones for the fall? Did they help you get over rough spots? Have you checked to see if there are any you weren't aware of in your area? We didn't know about the middle class one until my husband's friend told him at work about it. The homeowner one reduced my taxes one year. Next year, we should have a veteran one. So check with your state to see if you qualify for some kind of reduction or rebate.
2 responses
@carolbee (16241)
• United States
7 Oct 08
I'll have to check with my husband but doubt we qualify for any kind of rebate. We pay quarterly taxes to stay on top of things. I don't have any clue if this rebate is offered in Missouri.
@writersedge (22579)
• United States
8 Oct 08
Quarterly is interesting. They divide ours up by 4, but we pay Sept., Oct., Nov. & Dec. at the same time we're trying to get fuel and our electric bills that have gone higher. That's one set of taxes, the other set comes in Jan. I like your state's way better. Quarterly, you have time to put money aside for three months or one more bill every few months. Ours is 4 in a row, if you don't save over the summer, you may not have it. Even if you do save, you may need it for utilities. Definitely like the way your state does it better. Thanks and take care
@PearlGrace (3172)
• United States
5 Oct 08
Hi. The only tax exemption I've ever heard of was called the Homestead Tax Exemption for people who live in the home they own. In other words, if you buy a house and rent it out, then you can't get the Homestead Exemption. It's my understanding you can only use the Homestead Exemption once per house. What I don't know is if the taxes are overall, reduced by that amount each year or just the year you "claim" the exemption. I am not feeling too smart about this. It sounds like there are other types of exemptions I need to be checking into. Good for you that you received the Star Exemption. Anything to save money these days is a great idea. Thanks for tell us all about this.
@writersedge (22579)
• United States
5 Oct 08
Try seaching the name of your state and exemptions. You never know, you could maybe get something lowered. Or some money back. Let me know if you find out something because others in your state I'm sure would be interested. Thanks and take care.