Governor Andrew Cuomo is cracking down on the dozens of state’s residents who live in rent-regulated housing while also seeking an exemption on school property taxes.
The state Department of Taxation and Finance found 156 tenants of rent-regulated housing who re-applied for School Tax Relief, also known as a STAR exemption, last year. The administration sent letters to the tenants, providing a deadline of two months to remove themselves from one of the two programs. If the home is not the tenants’ primary residence, the landlord of the rent-regulated complex can then move to repossess the unit. [more]