Real property owned by a corporation or association which is not organized or conducted exclusively for religious, charitable, hospital, educational or cemetery purposes or for two or more such purposes, but which is organized or conducted exclusively for scientific purposes and used exclusively for carrying out thereupon such purposes, either by the owning corporation or association or by another such corporation or association, as provided in Paragraph (d) of Subdivision 1 of § 420 of the Real Property Tax Law in Chapter 414 of the Laws of 1971, also designated as Paragraph (d) of Subdivision 1 of § 421 of the Real Property Tax Law in Chapter 417 of the Laws of 1971, shall be taxable.
[Adopted 4-25-1977 by L.L. No. 3, 1977]
Real property which is taxable under this article shall be subject to any special ad valorem levies and special assessments which are imposed to defray the cost of improvements or services furnished by the Town.
This local law shall take effect immediately upon adoption, filing and publication and posting as provided by law.