For purposes of this section, “converted condominium
unit” shall mean a dwelling unit that has previously been on
the assessment roll as a dwelling unit in other than condominium form
of ownership and has not been previously subject to the provisions
of § 339-y, Subdivision 1(f) of the New York State Real
Property Law and § 581, Subdivision 1(c) of the New York
State Real Property Tax Law.
In order to prevent lower tax assessments of converted
condominiums neither Paragraph (a) of Subdivision 1 of § 581
of the New York State Real Property Tax Law nor Paragraph (b) of Subdivision
1 of § 339-y of the New York State Real Property Law shall
apply to any converted condominium unit within the City of Canandaigua.