Village of Piermont, NY Article VIII Assessment of Converted Condominiums

[Adopted 11-27-2007 by L.L. No. 14-2007]

§ 180-43 Title

An article to prevent lower assessments of converted condominiums pursuant to § 581 of the Real Property Tax Law and § 339-y of the Real Property Law.

§ 180-44 Legislative intent.

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.

§ 180-45 Limitations.

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 Village of Piermont.

§ 180-46 Definitions.

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 a 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.