"Basic STAR: Beginning July 1, 2011, the total combined household income must be $500,000 or less. Previously, there was no income limit."
He probably got the exemption years ago and the assessor's dept just never caught up with him to submit a tax return to show income.
And I doubt he knew about it or noticed either.
Simple bureaucratic error IMO.
Possible.
I guess in the many many audits.. (we still do now know for sure how many ) this was never found. Mable he only gets audited by the feds..
From the article:
“By the way, the city finance department checks with New York state tax authorities every year to make sure applicants for the STAR benefit have income under $500,000.”
Not a “simple bureaucratic error”.
And I doubt he knew about it or noticed either.
Why would he notice what amounts to a nice tip on a dinner with a couple of friends?