Follow WPHOC on Twitter & Facebook!
WPHOC News, Comments, Opinions, & Positions

WHPOC-SUPPORTS ELIMINATION OF THE STAR EXEMPTION FOR THE RICH. WP MIDDLE CLASS LIKELY TO SEE FURTHER TAX PAIN FROM MORE STAR EXEMPTION REDUCTIONS IN 2011-12 TAX YEAR AS WELL. ( WPHOC -Letter published in WPCNR.COM on 2/02/11)



February 2, 2011

John,

I have to say that WPHOC supports the elimination of the STAR Exemption for those earning over $500,000.00. In the scheme of things, this change would have a micro effect on 500K plus income earners in this State. Our NY leaders' past efforts at reducing STAR Exemptions for all had a much more severe impact on the monthly budgets of homeowners living in homes valued at 500,000.00 or less. These efforts also had the most devastating impact on those White Plains households with couples and singles making less than $100,000.00 joint gross income per year.

Over the past three years NY State reduced the STAR exemption significantly for all homeowners 3 years in a row. If you happen to be a smaller homeowner, these exemption reductions translated to an 11-15% property tax increase in the same period due to the use of this "Houdini Math" scheme by NYS ORPS.

WPHOC supports the elimination of the STAR for the 500K a per year earners and endorses an actual increase in STAR exemption for those households earning less than 100,000.00 joint income per year. WPHOC also supports the restoration of the cancelled STAR Rebate program for those same owners earning less than 100,000.00. If home owners don’t get property tax relief nationwide we have to consider placing our keys in envelopes and sending them to the bank.

If homeowner, single or couples, are trying to make ends meet and carry a 30 year mortgage on a home valued at 500,000.00 or less many people can’t make it. Unless the lowest income earners receive addition property tax relief, we could wind up with a much more serious foreclosure crisis which will also impact the overall property values for rich and poor alike.

Your article was unclear regarding STAR reductions for the lower income earners and there is no indication if we can expect more STAR pain going forward. Can you advise whether the small homeowners can expect another annual reduction in the STAR exemption amount this year? Will this targeted elimination of the STAR for those making $500,000.00 per year an alternative?

The low-middle income property tax payers cannot afford anymore reductions to their current STAR exemption levels. Property Tax relief for the lower income home owners can mean the difference between eating beans and meat. I don’t think the elimination of the STAR exemption will force that $500,000.00 per year families to “EAT BEANS” do you??

Thanks for the great media coverage John.

Regards,
White Plains Homeowners Coalition.

(John Bailey of WPCNR NOTES: The Press Office of the Office of Real Property Services reports that the Star exemption could decline another 10% this year if not more it will be up to the legislature.)


Astorino, Robert Westchester County Executive Send Email
Callahan, John Chief of Staff/Corporation Counsel Send Email
Feiner, Paul Greenburgh Town Supervisor Send Email
Genito, Mike WP Finance Commissioner Send Email
Krolian, Dennis White Plains Common Council Member Send Email
Larson, John WPPA Parking Commissioner Send Email
Lecuona, Milagros White Plains Council Member Send Email
Lyman, Richard White Plains Fire Chief Send Email
Martin, John White Plains Council Pres. Send Email
McNerney, Chief Greenburgh Chief of Police Send Email
Roach, Thomas Mayor of White Plains Send Email
Smayda, Beth White Plains Council Member Send Email
Soyk, Tom WPPA-Traffic Engineer Send Email
Tasch, Lloyd White Plains Tax Acessor Send Email
See More..

Neighborhood Crime Watch
Information on crimes should be reported to the WPPD at (914)422-6111. In the case of an emergency always dial 911.

Email WPPS Commissioner Chong
Contact
White Plains Home
Owners Coalition LLC

PO BOX 8221 White Plains, NY 10601-3330 Tel - (914)-729-0049 info@wphoc.com