[Adopted 6-19-2007 by L.L. No. 13-2007]
This article shall be known and may be cited as "A Local Law to Prevent Lower Assessments of Converted Condominiums Pursuant to Section 581 of the Real Property Tax Law and Section 339-y of the Real Property Law."
This article is adopted pursuant to Chapter 293 of the Laws of New York, 1997, for the purpose of preventing lower assessments of converted condominiums.
Neither Paragraph (a) of Subdivision (1) of § 581 of the Real Property Tax Law nor Paragraph (b) of Subdivision (1) of § 339-y of the Real Property Law shall apply to any converted condominium unit in the Town of Clarkstown.
For the purpose of this article, "converted condominium unit" 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 § 581(1)(a) of the Real Property Tax Law or § 339-y(1)(b) of the Real Property Law.