[Adopted 5-21-2007 by L.L. No. 5-2007]
This article is adopted pursuant to 1997 Laws
of New York, Chapter 293, for the purpose of preventing lower assessments
of converted condominiums.
Neither Subdivision 1(a) of § 581
of the NYS Real Property Tax Law nor Subdivision 1(b) of § 339-y
of the NYS Real Property Law shall apply to any converted condominium
unit within the Village of Victor.
As used in this article, the following terms
shall have the meanings indicated:
A dwelling unit 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 Subdivision
1(f) of § 339-y of the NYS Real Property Law and Subdivision
1(c) of § 581 of the NYS Real Property Tax Law.
