2006 New York Code - Assessment Of Village Property.

 
    §  277. Assessment of village property. In any town in which there may
  be an incorporated village, which forms a separate  road  district,  and
  wherein  the  roads  and  streets  are maintained at the expense of such
  village, all property within such village shall be exempt from the  levy
  and  collection  of taxes levied in the town, as provided by section two
  hundred sixty-seven of this chapter, for the repair and  improvement  of
  highways,  including sluices, culverts and bridges having a span of less
  than five feet. In addition a town board in such  town  may  exempt  all
  property  within  such  village  from  the  levy and collection of taxes
  levied in the town for such items provided for by subdivisions three and
  four of section one hundred forty-one of this chapter. The assessors  of
  such  town  shall  indicate  in  a separate column the value of the real
  property included in such incorporated village.