[Adopted 11-13-2018 by L.L. No. 7-2018]
A. 
This article is adopted pursuant to Chapter 293 of the Laws of the State of New York 1997, which enacted Real Property Tax Law § 581(1)(c) and § 339-y(1)(f) of the Real Property Law.
B. 
In accordance with Real Property Tax Law § 581(1)(c) and Real Property Law § 339-y(1)(f) it is provide that the provisions of Real Property Tax Law § 581(1)(a) nor Real Property Law § 339-y shall apply to any converted condominium units in the Town of Mount Pleasant. A "converted condominium" shall mean a dwelling unit held in condominium form of ownership that has previously been on the assessment roll as a dwelling unit in other than condominium form of ownership and has not previously been subject to the provisions of Real Property Tax Law § 581(1)(a) and Real Property Law § 339-y.