FOR IMMEDIATE RELEASE
June 12, 2020
City
of Kingston to Offer Installment Payment Plans to
Property
Owners for Outstanding Prior Year Taxes
KINGSTON, NY – Mayor Steve
Noble announces that the City of Kingston will offer voluntary installment
payment plan agreements to property owners for outstanding prior year taxes,
effective immediately. This option will assist property owners in retaining
their Basic STAR exemptions or credits and to pay down their outstanding taxes
in manageable installments.
Per
New York State, “Beginning in 2020, property owners with property tax
delinquencies greater than one year are not eligible for the Basic STAR
exemption or the Basic STAR credit.” In order for
their STAR exemption or credit to be reinstituted, property owners must either
pay their delinquent taxes in full or enter into an installment payment plan.
“With so many in our community
impacted by the pandemic and the resulting economic downturn, along with these
new changes to the STAR Program, we are committed to identifying any potential
solutions to help our residents and business owners navigate this difficult
time,” said Mayor Noble. “By offering a repayment plan earlier than previously
available, eligible residential and commercial property owners can pay off
their outstanding taxes over time while continuing to benefit from the STAR
program.”
Previously, such agreements
were only available once property foreclosure proceedings were initiated, due
to New York State tax code prohibiting the provision of a second installment
payment agreement within 36 months. While the City is making these agreements
available earlier, due to the changes in the STAR program, New York State still
prohibits property owners who default on their payment plan from entering into
another installment agreement for a period of three years, even in the event of
foreclosure. Individuals wishing to participate in this program should consult
with their accountant prior to entering into such an agreement.
Property owners who are
eligible for this payment option will receive a notice in the mail in the
coming week. For more information and to enroll in an installment payment plan,
individuals should contact the Corporation Counsel’s Office at 845-334-3947.