[Adopted 6-19-1996 by L.L. No. 8-1996]
This article is enacted for the purpose of subjecting to taxation real property owned by nonprofit corporations or associations specified in § 108-15 of this article as authorized by § 420-b, Subdivision 1(a), 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 or cemetery purposes, or for two or more such
purposes, but is organized or conducted exclusively for the following
purposes, or for two or more such purposes, and used exclusively for
carrying out thereupon one or more of such purposes shall be taxable:
bible, tract, benevolent, missionary, infirmary, public playground,
scientific, literary, bar association, medical societies, societies
for the development of good sportsmanship for persons under the age
of 18 years through the conduct of supervised athletic games and societies
for the enforcement of laws relating to children or animals.
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 cost of improvements or
services furnished by the Town of Putnam Valley or by a special district
established therein.
