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.
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.
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.