[Adopted 1-28-2009 by L.L. No. 1-2009 (Ch. 185, Art. VIII, of the 1995 Code)]
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.