[HISTORY: Adopted by the Board of Trustees of the Village of South Glens Falls as indicated in article histories. Amendments noted where applicable.]
Taxation — See Ch. 135.
Article I Removal of Assessment Restrictions on Converted Residential Condominiums
[Adopted 1-21-2009 by L.L. No. 1-2009]
By the adoption of this chapter, the Village of South Glens Falls shall exercise its inherent and statutory authority as provided in § 581(1)(c) of the Real Property Tax Law and § 339-y(1)(f) of the Real Property Law for the purpose of removing statutory assessment restrictions from condominium units that have previously appeared on the assessment roll as a dwelling unit in other than condominium ownerships.
Provisions of the Real Property Tax Law and the Real Property Law imposing assessment restrictions upon the assessment of a condominium shall not apply in the Village of South Glens Falls to a converted condominium unit in the municipality. A "converted condominium unit," for the purposes of this section, 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.
Provisions herein shall not apply in any condominium conversion of a non-dwelling unit converted to condominium unit ownership.
Provisions herein shall not apply to the construction of any new residential condominium units where there has been no conversion of the form of ownership of a preexisting dwelling unit.