[Adopted 6-25-2008 by L.L. No. 2-2008]
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 Bethlehem.
As used in this article, the following terms
shall have the meanings indicated:
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.
