[Adopted 1-6-1998 by L.L. No. 1-1998]
The purpose of this article is to establish
that converted condominium units in the Town shall be assessed as
a separate parcel as allowable under § 339-y of the New
York Real Property Law and § 581 of the New York Real Property
Tax Law.
As used in this article, the following terms
shall have the meaning indicated:
Any dwelling unit held in a condominium form of ownership
that had previously been on an assessment roll as a dwelling unit
in other than condominium form of ownership and had not been previously
subject to the provisions of § 339-y, Subdivision 1(b),
of the New York State Real Property Law and § 581 of the
New York State Real Property Tax Law.
Any converted condominium unit shall hereinafter
be placed upon the assessment rolls and shall have taxes levied upon
it as a separate parcel in the same manner as other residential units.
All assessments on converted condominium units
will be completed by the Assessor of the Town in the same manner as
prescribed by law for other taxed residential units.
