[HISTORY: Adopted by the Town Board of the Town of Urbana 6-16-2020 by L.L. No. 2-2020. Amendments noted where applicable.]
The Town Board hereby adopts this chapter to provide that the
provisions of paragraph (a) of Subdivision 1 of Section 581 of the
Real Property Tax Law shall not apply to converted condominium units
within the Town of Urbana. A "converted condominium unit," for purposes
of this section, shall mean a dwelling unit held in condominium form
of ownership that has previously been on an assessment roll as a dwelling
unit in other than condominium form of ownership and has not been
previously subject to the provisions of paragraph (a) of Subdivision
1 of Section 581 of the Real Property Law.
The Town Board hereby adopts this chapter to provide that the
provisions of paragraph (b) of Subdivision 1 of Section 339-y of the
Real Property Law shall not apply to a converted condominium unit
within the Town of Urbana. A "converted condominium unit," for purposes
of this section, shall mean a dwelling unit held in condominium form
of ownership that has previously been on an assessment roll as a dwelling
unit in other than condominium form of ownership and has not been
previously subject to the provisions of paragraph (b) of Subdivision
1 of Section 339-y of the Real Property Law.
