N.Y. County Law § 280-w: Taxation of district property

§ 280-w. Taxation of district property. All real property acquired for

the purposes of the county district shall be acquired in the name of the

county. Real property acquired in the name of the county shall be

assessed for the purposes of taxation at the value thereof exclusive of

improvements erected or installed by or on behalf of such county

district, but in no case at less than the assessed valuation at the time

of acquisition by the county. Except as provided above, such real

property shall be valued on an equitable basis with other comparable

real property in the district.