Town of Amherst, NY Article VII Assessment of Converted Condominium Units

[Adopted 5-18-1998 by L.L. No. 7-1998; amended in its entirety 5-7-2007 by L.L. No. 6-2007]

§ 175-28 Legislative findings; nonapplicability of statutory provisions; construal of provisions.

A. Legislative findings. The Town Board of the Town of Amherst finds that the State of New York has provided legislative relief to towns in New York State with respect to the conversion of real property from other forms of ownership into condominium ownership. Included in that relief is the right to enact local laws that provide that converted condominiums should not be assessed and taxed pursuant to formulas provided for assessment and taxation of condominiums provided by § 339-y, Subdivision 1(a), of the Real Property Law and § 581, Subdivision 1(a), of the Real Property Tax Law. The Town of Amherst wishes to avail itself of this provision of law.

B. Nonapplicability of statutory provisions. Section 581, Subdivision 1(a), of the Real Property Tax Law and § 339-y, Subdivision 1(a), of the Real Property Law with respect to the assessment and taxation of condominiums shall not apply to any condominiums in the Town of Amherst that have been converted into condominium status from any other form of ownership.

C. Nonretroactivity. Nothing contained in this section shall be construed to modify or otherwise change the taxable status of any converted condominium previously taxed under any previous provision of this section.