[HISTORY: Adopted by the Board of Trustees
of the Village of South Glens Falls as indicated in article histories.
Amendments noted where applicable.]
GENERAL REFERENCES
Taxation — See Ch. 135.
[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.
A.
Provisions herein shall not apply in any condominium
conversion of a non-dwelling unit converted to condominium unit ownership.
B.
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.
