[Adopted 12-18-1997 by L.L. No. 5-1997]
This Part 8 is adopted pursuant to Chapter 293 of the Laws of New York, 1997, for the purpose of preventing lower assessments of converted condominiums.
Neither Subdivision 1(a) of § 581
of the Real Property Tax Law nor Subdivision 1(b) of § 339-y
of the Real Property Law shall apply to any converted condominium
unit in Sullivan County.
For the purpose of this Part 8, "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 or ownership and has not been previously subject to the provisions of § 581, Subdivision 1(a), of the Real Property Tax Law or § 339-y, Subdivision 1(b), of the Real Property Law.[1]
[1]
Editor's Note: Former Part 9, Exemption for
First-Time Home Buyers, adopted 4-18-2002 by L.L. No. 2-2002, which
immediately followed this section, was repealed 9-19-2002 by L.L.
No. 8-2002, retroactive to 4-26-2002.
