[Adopted 4-23-1975 as L.L. No. 1-1975]
The purpose of this article is to subject to taxation real property owned by nonprofit corporations or associations specified in § 177-31 of this article, as authorized by Paragraph (b) of Subdivision 1 of § 421 of the Real Property Tax Law.
Real property owned by a corporation or association
which is not organized or conducted exclusively for religious, charitable,
hospital, educational, moral or mental improvement of men, women or
children or cemetery purposes, or for two or more such purposes, but
which is organized or conducted exclusively for Bible, tract, missionary,
infirmary, public playground, literary, bar association, medical society,
patriotic or historical purposes, for the enforcement of laws relating
to children or animals, or for two or more such purposes, and used
exclusively for carrying out thereupon one or more of such purposes,
shall be taxable.
Real property which is taxable pursuant to this
article shall be subject to special ad valorem levies and special
assessments which are imposed to defray the costs of improvements
or services furnished by the City of Rye or by a special district
established therein.
