[Adopted 5-23-2007 by L.L. No. 2-2007 (Ch. 118, Art. III, of the 2016 Code)]
This article is adopted pursuant to 1997 Laws of New York Chapter 293 for the purpose of preventing lower assessments of converted condominiums.
For the purposes of this article, "converted condominium unit" shall mean a dwelling unit that has previously been on the assessment roll as a dwelling unit in other than condominium form of ownership and has not been previously subject to the provisions of § 339-y, Subdivision 1(f), of the NYS Real Property Law and § 581, Subdivision 1, of the NYS Real Property Tax Law.