[Adopted 1-26-1998 by L.L. No. 1-1998]
The title of this article shall be a "Local
Law to Limit Special Real Estate Tax Treatment for Converted Condominium
Units Within the Town of Aurora."
A.
The provisions of Subdivision 1(a) of § 581
of the Real Property Tax Law of the State of New York shall not apply
to a converted condominium unit located in the Town of Aurora.
B.
The provisions of Subdivision 1(b) of § 339-y
of the Real Property Law of the State of New York shall not apply
to a converted condominium unit located in the Town of Aurora.
A.
For purposes of § 101-19A of this article, a “converted condominium” shall mean a dwelling unit held in condominium form of ownership that has previously been on the assessment roll of the Town of Aurora as a dwelling unit in other than condominium form of ownership and has not been previously subject to the provisions of Subdivision 1(a) of § 581 of the Real Property Tax Law of the State of New York.
B.
For purposes of § 101-19B of this article, a “converted condominium” shall mean a dwelling unit held in condominium form of ownership that has previously been on the assessment roll of the Town of Aurora as a dwelling unit in other than condominium form of ownership and has not been previously subject to the provisions of Subdivision 1(b) of § 339-y of the Real Property Law of the State of New York.
This article shall take effect on the latter
of its filing with the New York State Secretary of State in a manner
consistent with § 27 of the New York Municipal Home Rule
Law or March 1, 1998.
