Inheriting a Long Island house — property tax impact

Long Island does not reassess on a title transfer (unlike California's Prop 19, for example). The assessed value remains where it was at the most recent annual reassessment. But all owner-specific exemptions roll off:

• STAR exemption — gone the day of transfer
• Enhanced STAR — gone (and you may not qualify if under 65)
• Senior Citizens exemption — gone (income-tested, age-tested)
• Veterans exemption — gone (military-service-tested)
• Volunteer Firefighter — gone (service-tested)

You can register for STAR right away if it's your primary residence. The others depend on whether you meet the eligibility criteria.

Scenario A: You move in (it becomes your primary residence)

Register for Basic STAR immediately. If you're 65+, also register for Enhanced STAR. Apply for any other exemptions you qualify for. File a grievance the next available cycle.

Scenario B: You rent it out

You cannot claim STAR or any homestead-style exemption — those require primary residence. Your tax bill goes to the full amount. Consider whether the rental income justifies the now-higher tax bill.

Scenario C: You sell it

You'll pay prorated property taxes through closing date. The post-closing buyer faces the same exemption-rolloff issue. Be transparent in the listing about the full (non-exempt) tax amount so you don't lose buyers at closing.