This article is adopted pursuant to the authority of Real Property
Tax Law § 581 and Real Property Law § 339-y, which
allows for the adoption of a local law, providing that the provisions
of Subdivision 1(a) of § 581 of the Real Property Tax Law
and Subdivision 1(b) of § 339-y of the Real Property Law
shall not apply to converted condominium units within a taxing jurisdiction.
For the purposes of this article, the following terms shall
have the meanings indicated:
CONVERTED CONDOMINIUM UNIT
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 provisions of Subdivision 1(a) of § 581 of the Real
Property Tax Law and Subdivision 1(b) of § 339-y of the
Real Property Law.
The provisions of § 581, Subdivision 1(a), of the
Real Property Tax Law and § 339-y, Subdivision 1(b), of
the Real Property Law shall not apply to converted condominium units
within the Town of Ogden, unless such conversion was completed prior
to the effective date of this article.
This article shall be effective March 1, 2009.