Town of Guilderland, NY Article XV Assessment of Converted Condominiums

[Adopted 5-21-2019 by L.L. No. 5-2019; amended in its entirety 5-21-2019 by L.L. No. 8-2019]

§ 251-63 Purpose; statutory authority.

Pursuant to § 581(1) of the NYS Real Property Tax Law and § 339-y(1) of the NYS Real Property Law, the Town Board hereby enacts this article for the purpose of preventing lower assessments for converted condominiums.

§ 251-64 Definitions.

For purposes of this article, the following term shall have the following meaning:

CONVERTED CONDOMINIUM UNIT

A dwelling unit held in condominium form of ownership that has previously been on an assessment roll as a dwelling unit other than condominium form of ownership and has not been previously subject to the provisions of § 581(1) of the NYS Real Property Tax Law and § 339-y(1) of the NYS Real Property Law.

§ 251-65 Application of state statutes.

Neither Subdivision (1) of § 581 of the NYS Real Property Tax Law nor Subdivision (1) of § 339-y(1) of the NYS Real Property Law shall apply to any converted condominium unit in the Town of Guilderland.