[Adopted 3-13-2008 by L.L. No. 1-2008]
Pursuant to the authority granted by Real Property Tax Law (RPTL) § 581, Subdivision 1(c), the provisions of RPTL § 581, Subdivision 1(a), shall not apply to converted residential condominium units within the Town of Owasco. The Town of Owasco does not recognize converted residential condominium units, as defined in RPTL § 581, Subdivision 1(c), as condominium units for the purpose of assessing the value of such condominium units.
This article shall take effect after adoption by the Town Board and upon filing in the office of the New York State Secretary of State.