[Adopted 5-8-1979 by L.L. No. 1-1979]
The purpose of this article is to subject to taxation real property owned by nonprofit corporations or associations specified in § 210-4 of this chapter, and authorized by Paragraph (b) of Subdivision 1 of § 420-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, moral or mental improvement of men, women or children, or cemetery purposes, or for two or more such purposes, but which 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 such purposes, shall be taxable: Bible, tract, benevolent, missionary, infirmary, scientific, literary, bar association, medical society, library, patriotic or historical purposes, or for the enforcement of laws relating to children or animals.