This article shall be known as the "Town of Elma Converted Condominium
Taxation Assessment Exclusion Local Law No. 2005-1."
The purpose of this article is to exclude converted condominium
units from assessment under Real Property Law § 339-y.
The words and terms used in this article shall have the same
meaning as in Article 9-B of the Real Property Law and Article 5 of
the Real Property Tax Law.