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Hi and welcome to JA. I am Ray and will be the expert helping you tonight. Here if you are neither of the parties here reside in the home as their primary residence you no longer qualify for the program.If the tax authorities here find out they could seek back taxes here and revoke your participation.
The rules say you must own your own home and it must be your primary residence.
Determining your primary residence
Your local assessor considers many factors to determine whether a property is your primary residence, like voting, vehicle registrations, and length of time spent each year on the property. They may ask you to provide proof of residency:
You would be at risk of owing back taxes here and loosing your status in the program here.Since there was a change of ownership when neither of you are living there any more you need to give them notice of the change.
I appreciate the chance to help you tonight.Please let me know if you have more follow up.Thanks again.
Taxpayers whose STAR exemptions are revoked by the assessor may be subject to a penalty. Penalties will apply if the exemption has been inappropriately granted in the past and revoked for the following reasons:
The penalties are calculated as follows:
f a property owner makes a "material misstatement" on his or her STAR application to the assessor, additional penalties apply.
A "material misstatement" means that the property owner:
The penalty for a material misstatement increases on October 1, 2013.
* In 2013, the look-back period is the prior three years. In 2014, the look-back period is the prior four years. In 2015, the look back period is the prior five years. In 2016 and beyond, the look-back period is the prior six years.
You really need to report it when the other party ceases to live there as primary residence, there are some pretty good penalties here.
Thanks again so much for the chance to help you.I wish you a happy holiday season.
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