NY A10488

Exempts cooperative corporation and condominium property in the Town of Greenburgh, Westchester County from certain real property tax provisions if the town adopts a local law providing such exemption prior to the assessment roll's taxable status date.

Exemption does not apply to cooperative or condominium properties that were subject to the tax provisions prior to January 1, 2023.

Exemption does not apply to properties participating in affordable housing tax credit programs or with regulatory agreements with federal, state, or local agencies related to affordable housing requirements.

Makes identical exemption provisions in both the Real Property Tax Law (section 581) and the Real Property Law (section 339-y).

Takes effect immediately and applies to assessment rolls prepared on or after January 1, 2023.