Town of Mamaroneck, NY
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2023-05-03
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Part II: General Legislation
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Chapter 195 Taxation
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Article XI Taxation of Converted Condominiums
- Part I: Administrative Legislation
- Ch 1 General Provisions
- Ch 3 Architectural Review, Board of
- Ch 5 Boards, Commissions, Authorities and Committees
- Ch 8 Coastal Zone Management Commission
- Ch 12 (Reserved)
- Ch 17 Ethics
- Ch 26 Officers and Employees
- Ch 32 Police Department
- Ch 34 Quality of Life Laws; Enforcement
- Ch 35 Removal From Office
- Ch 36 Residency Requirements
- Ch 40 Summonses
- Ch 45 Traffic Violations Bureau
- Part II: General Legislation
- Ch 50 Alarm Systems
- Ch 52 Alcoholic Beverages
- Ch 55 Amusement Devices, Mechanical
- Ch 58 Animals
- Ch 60 Bag Waste Reduction
- Ch 65 Bingo
- Ch 68 Cannabis
- Ch 71 Buildings, Unsafe
- Ch 74 Cable Television
- Ch 75 Telecommunications Franchising and Licensing
- Ch 76 Community Choice Aggregation (Energy) Program
- Ch 77 Conservation Areas
- Ch 82 (Reserved)
- Ch 86 Discrimination
- Ch 90 Electrical Standards
- Ch 91 Emergency Access to Buildings
- Ch 92 Environmental Quality Review
- Ch 95 Erosion and Sediment Control
- Ch 97 Fees
- Ch 99 Filming and Videotaping
- Ch 100 Firearms
- Ch 102 Fire Hydrants
- Ch 103 Fire Limits
- Ch 106 Fire Prevention and Building Construction
- Ch 108 Fire Safety Zones
- Ch 110 Flood Damage Prevention
- Ch 114 Wetlands and Watercourses
- Ch 117 Garage Sales
- Ch 122 Helicopters and Other Aircraft
- Ch 130 Local Impact Review
- Ch 137 Motels
- Ch 141 Noise
- Ch 144 Notification Procedures
- Ch 147 Operating Permits
- Ch 148 Parks and Fields
- Ch 154 Peddling and Soliciting
- Ch 158 Plumbing
- Ch 161 Property Maintenance
- Ch 167 Records
- Ch 173 Sewers
- Ch 174 Sewer Rents
- Ch 175 Signs
- Ch 177 Site Plan Review
- Ch 178 Site Plan Review of Residential Development
- Ch 183 Solid Waste
- Ch 187 Streets and Sidewalks
- Ch 190 Subdivision of Land
- Ch 191 Sustainability Collaborative
- Ch 192 Swimming Pools
- Ch 195 Taxation
- Ch 195 Art XI Taxation of Converted Condominiums
- § 195-45 Purpose.
- § 195-46 Definition.
- § 195-47 Assessment of converted condominium units.
- Ch 198 Taxicabs
- Ch 202 Tenant Protection
- Ch 207 Trees
- Ch 216 (Reserved)
- Ch 219 Vehicles and Traffic
- Ch 226 Vehicles, Off-Road
- Ch 228 Videoconferencing of Public Meetings
- Ch 231 Water
- Ch 233 Waterfowl
- Ch 234 Waterfront Revitalization
- Ch 240 Zoning
- Appendix
- Ch A250 Fee Schedule
- Disposition List
- Ch DL Disposition List
[Adopted 1-16-2019 by L.L. No. 1-2019]
Pursuant to § 581 of the Real Property Tax Law, residential condominium units are assessed at values that are significantly lower than the assessments of single-family homes of comparable value. There is a real possibility that properties, including two-family homes, may be converted into condominium ownership to avail themselves of this favorable tax treatment. If that occurs, the tax burden will be shifted to the other taxpayers of the Town. Section 581(1)(c) of the Real Property Tax Law allows municipal corporations to adopt a local law that prevents properties that are not condominiums from being converted to condominium ownership and receiving the benefit of the favorable assessment treatment provided by Real Property Tax Law § 581. By this law, the Town is availing itself of the power given to it by § 581(1)(c) of the Real Property Tax Law to prevent converted condominium units (defined in § 195-46, below) from being assessed in accordance with the provisions of § 581(1)(a) of the Real Property Tax Law or § 339-y of the Real Property Law.
As used in this article, the following terms shall have the
meanings indicated:
A dwelling unit in condominium form of ownership that prior
to May 1, 2019, was assessed as a dwelling unit in other than condominium
form of ownership and has not been previously subject to the provisions
of § 581(1)(a) of the Real Property Tax Law or § 339-y
of the Real Property Law.
A converted condominium unit shall not be assessed in accordance
with the provisions of § 581(1)(a) of the Real Property
Tax Law or § 339-y of the Real Property Law, but shall be
assessed in accordance with the provisions of Article 3 of the Real
Property Tax Law.
