[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.
