The homestead exemption provides an exemption from property taxes on a primary residence and protects the value from creditors, and circumstances that arise from the death of the homeowner's spouse. The exemption can't be claimed for another property elsewhere.

If you own a home, condo, farm home, or mobile home in New York, you are eligible to protect your equity in your primary residence under the New York homestead exemption. This law is intended to protect your primary home from seizure by a court order to fulfill a debt, whether you have filed for bankruptcy or not.

Credits may be applied to your taxes or be given to you as a refund check. Clergy Exemption. Construction and Renovation Benefits. Co-Op and Condo Abatement. Crime Victim Exemption. Disabled Homeowners' Exemption (DHE) ... School Tax Relief (STAR) ... Senior Citizen Homeowners' Exemption (SCHE) ... Veterans Exemption.

New York State has long had a homestead exemption. Homestead exemptions protect homeowners in financial distress from losing their entire property holdings to their creditors.

To qualify for an exemption that begins on July 1, you must be 65 or older by the following December 31. If you co-own your property with a spouse or sibling, only one of you needs to be 65 or older. For other co-ownerships such as a parent and children, all owners must be 65 or older.

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Though all property is assessed, not all of it is taxable. See a list of common property tax exemptions in New York State.Determine your home's current market value. You can get information about your property tax benefits, including: Application status, Current benefit amounts, Proposed benefit for the upcoming tax year. Senior Citizen Homeowners' Exemption (SCHE). Eligibility. Homestead exemptions protect homeowners in financial distress from losing their entire property holdings to their creditors. To claim the credit, file form IT-214 which can be done with your NYS income tax or separately. Form IT-214 is available online at tax.ny. Application dates: Call your village or town offices for dates and rates. Please contact the Office of the Assessor at 631-360-7560 if you have any specific questions or comments.

Homestead Act Information For Property Taxes In New York

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What is the Homestead Act for property taxes?

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