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.
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.