[Adopted 7-19-2007 by L.L. No. 3-2007]
This local law is adopted pursuant to Chapter 293, Laws of 1997, for the purpose of preventing lower assessments of converted condominiums.
Neither Subsection (a) of Subdivision 1 of § 581 of the Real Property Tax law nor Subsection (b) of Subdivision 1 of § 339-y of the Real Property Law shall apply to any converted condominium unit in the Village of Liberty.
For the purpose of this local law, "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, Subdivision 1(a), of the Real Property Tax Law or § 339-y, Subdivision 1(b), of the Real Property Law.
This local law shall take effect immediately upon its filing with the Secretary of State.