Manhattan Club Lawsuit

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Re: Manhattan Club Lawsuit (by Sharon M.):

irenes93 wrote:
An interesting side note: TMC owners 65 years or older are eligible for the New York State Department of Taxation and Revenue Basic STAR Tax Relief program on real property in New York State. Timeshares are considered real property. It amounts to up to a 25% reduction in real estate taxes on real property.
Submit Form RP-425 Application for School Tax Relief (STAR) Exemption to your local assessor. By signing the form, you are attesting that your income for the tax year referenced in Question #1 of the application form was below $500,000. (New York City and Nassau County residents please refer to the section below for the application and instructions)
http://www.tax.ny.gov/pit/property/star/apply.htm

I believe in order to qualify for the STAR exemption, the residence must be your primary residence (owner occupied).