[Adopted 3-10-1998 by L.L. No. 1-1998]
Pursuant to the authority granted by Chapter
293 of the Laws of 1997, the Town of Sweden hereby acts by local law,
not subject to referendum, to provide that the provisions of § 581(1)
of the Real Property Tax Law and § 339-y of the Real Property
Law shall not apply to converted condominium units within the Town
of Sweden. A converted condominium unit for purposes of this article
shall mean a dwelling unit held in condominium form of ownership that
has previously been on an assessment roll as a dwelling unit in other
than condominium form of ownership, and has not been previously subject
to the aforementioned sections of state law.
This article shall take effect immediately upon
adoption and filing in accordance with state law and shall apply to
assessment rolls prepared on the basis of taxable status dates occurring
on or after such effective date.
