This article
is adopted pursuant to Chapter 293 of the Laws of the State of New
York 1997, which enacted § 581, Subdivision 1(c), of the
Real Property Tax Law and § 339-y, Subdivision 1(f), of
the Real Property Law for the purpose of preventing lower assessments
of converted condominiums.
In accordance
with § 581, Subdivision 1(c), of the Real Property Tax Law
and § 339-y, Subdivision 1(f), of the Real Property Law,
neither § 581, Subdivision 1(a), of the Real Property Tax
Law nor § 339-y, Subdivision 1(b), of the Real Property
Law shall apply to any converted condominium units in the Village
of Ossining. A "converted condominium" 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 and has not been previously subject to the provisions
of § 581, Subdivision 1(a), of the Real Property Tax Law
or § 339-y, Subdivision 1(b), of the Real Property Law.