[Adopted 12-30-1971 by L.L. No. 1-1971]
The purpose of this article is to subject to taxation real property owned by nonprofit corporations or associations specified in § 133-2 of this article as authorized by Paragraph (b) of Subdivision 1 of Section 420-b of the Real Property Tax Law.
Real property owned by a corporation or association
which is not organized or conducted exclusively for religious, charitable,
hospital, educational or cemetery purposes or for two or more such
purposes, but is organized or conducted exclusively for the following
purposes or for two or more such purposes, and used exclusively for
carrying out thereupon one or more of such purposes, shall be taxable:
moral or mental improvement of men and women, Bible, tract or missionary,
benevolent, infirmary, scientific, literary, bar association buildings,
medical societies, public playground, patriotic or historical, societies
for the enforcement of laws relating to children or animals.
Real property which is taxable pursuant to this
article shall be subject to special ad valorem levies and special
assessments which are imposed to defray the costs of improvements
or services furnished by the Town of Liberty or by a special district
established therein.
