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I'm finding info that the maximum STAR exemption is good for $650 annually. A.) That sounds like a very reasonable price for health insurance. B.) How does th

I'm finding info that the maximum STAR exemption is good for $650 annually. A.) That sounds like a very reasonable price for health insurance. B.) How does this increase rent on residential units by hundreds of dollars a month? Are you saying that if rental properties in Ithaca were instead primary residences, the city and county would collect what equals several hundred dollars per month lesss (let's call it $1200/yr) in taxes than they do for rental properties? Is this unique to Ithaca, which is a college town?

PaulHoule 4y ago
It's an issue being talked out a lot in Ithaca, which is about a 20 minute drive from my farm https://www.ithaca.com/news/ithaca/cornell-s-tax-exempt-status-ithaca-s-bottom-line/article_18e74300-ad52-11ed-8550-17ee6a5bc2dc.html https://www.ithaca.com/news/ithaca/cornell-s-tax-exempt-stat... In particular that article asserts “according to the rental real estate listing service Dwellsy, Ithaca has the highest rent of any small city in the U.S. The study shows the average price for a one-bedroom was $1908 per month in 2022, up 4.5% over 2021. Only eight cities had higher average rents…New York, Boston, San Francisco, San Jose, Washington DC, Santa Barbara, Los Angeles, and San Diego.” and that article claims the tax burden in Ithaca is particularly pernicious because so much land is owned by not-for-profit organizations such as Cornell.