[Adopted 6-19-2007 by L.L. No. 13-2007]
This article shall be known and may be cited
as "A Local Law to Prevent Lower Assessments of Converted Condominiums
Pursuant to Section 581 of the Real Property Tax Law and Section 339-y
of the Real Property Law."
This article is adopted pursuant to Chapter
293 of the Laws of New York, 1997, for the purpose of preventing lower
assessments of converted condominiums.
Neither Paragraph (a) of Subdivision (1) of § 581
of the Real Property Tax Law nor Paragraph (b) of Subdivision (1)
of § 339-y of the Real Property Law shall apply to any converted
condominium unit in the Town of Clarkstown.
For the purpose of this article, "converted
condominium unit" shall mean 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 § 581(1)(a) of the
Real Property Tax Law or § 339-y(1)(b) of the Real Property
Law.
