[Adopted 4-20-1998 by L.L. No. 2-1998]
This article is enacted pursuant to subdivision 1(f) of § 339-y of the Real Property Law and § 581(1)(c) of the Real Property Tax Law of the State of New York.
From and after the effective date of this article, conversions from a dwelling unit to a condominium, as those conversions are defined in subdivision 1(f) of § 339-y of the Real Property Law and § 581(1)(c) of the Real Property Tax Law, shall not result in those units being assessed pursuant to § 581(1)(a) of the Real Property Tax Law.