N.Y. Real Property Tax Law § 474: Dental societies

§ 474. Dental societies. Real property from which no income is

derived situated within a city having a population of one hundred

seventy-five thousand or more according to the latest federal census and

owned by a dental society of any judicial district, which judicial

district is wholly or partly within such city shall be exempt from

taxation, provided such property is used exclusively for the purposes of

such a dental society, and further provided that such exemption of real

property for any society in the first, second, tenth or eleventh

judicial districts shall not exceed one hundred thousand dollars, and in

any other judicial district affected thereby shall not exceed fifty

thousand dollars; and provided further that such property shall be

taxable by any municipal corporation within which it is located if the

governing board of such municipal corporation, after public hearing,

adopts a local law, ordinance or resolution so providing. Any such

local law, ordinance or resolution may be amended or repealed. The

provisions of subdivision six of section four hundred twenty-b of this

article shall apply to any such real property. As used in this section

dental society shall mean exclusively any dental society which was

incorporated under the provisions of chapter one hundred fifty-two of

the laws of eighteen hundred sixty-eight and was continued by the

education law, and by chapters two hundred ninety-four of the laws of

nineteen hundred six, six hundred seventeen of the laws of nineteen

hundred forty-four, and six hundred ninety-two of the laws of nineteen

hundred sixty-two.