[Adopted 6-10-1982 by L.L.
No. 1-1982]
The purpose of this article is to subject to taxation real property owned by certain corporations or associations specified in § 142-2 of this article, which is authorized by Real Property Tax Law § 420-b, Subdivision (1)(a).
Real property owned by a corporation or association which is organized
exclusively for bible, tract, benevolent, missionary, infirmary, public playground,
scientific, literary, bar association, medical society, for the development
of good sportsmanship for persons under the age of 18 years through the conduct
of supervised athletic games, for the enforcement of laws relating to children
or animals, or for two or more such purposes and used exclusively for carrying
out thereupon one or more of such purposes either by the owning corporation
or association, or by another such corporation or association as hereinafter
provided, shall be taxable by the Town of Olive for all purposes, including,
but not limited to, regular assessments, special assessments and special ad
valorem levies.
