§ 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.