N.Y. Real Property Tax Law § 490: Exemption from special ad valorem levies and special assessments

§ 490. Exemption from special ad valorem levies and special

assessments. Real property exempt from taxation pursuant to subdivision

two of section four hundred, subdivision one of section four hundred

four, subdivision one of section four hundred six, sections four hundred

eight, four hundred ten, four hundred ten-a, four hundred ten-b, four

hundred eighteen, four hundred twenty-a, four hundred twenty-b, four

hundred twenty-two, four hundred twenty-six, four hundred twenty-seven,

four hundred twenty-eight, four hundred thirty, four hundred thirty-two,

four hundred thirty-four, four hundred thirty-six, four hundred

thirty-eight, four hundred fifty, four hundred fifty-two, four hundred

fifty-four, four hundred fifty-six, four hundred sixty-four, four

hundred seventy-two, four hundred seventy-four, four hundred eighty-five

and subdivision ten of section four hundred eighty-seven of this chapter

shall also be exempt from special ad valorem levies and special

assessments against real property located outside cities and villages

for a special improvement or service or a special district improvement

or service and special ad valorem levies and special assessments imposed

by a county improvement district or district corporation except (1)

those levied to pay for the costs, including interest and incidental and

preliminary costs, of the acquisition, installation, construction,

reconstruction and enlargement of or additions to the following

improvements, including original equipment, furnishings, machinery or

apparatus, and the replacements thereof: water supply and distribution

systems; sewer systems (either sanitary or surface drainage or both,

including purification, treatment or disposal plants or buildings);

waterways and drainage improvements; street, highway, road and parkway

improvements (including sidewalks, curbs, gutters, drainage,

landscaping, grading or improving the right of way) and (2) special

assessments payable in installments on an indebtedness including

interest contracted prior to July first, nineteen hundred fifty-three,

pursuant to section two hundred forty-two of the town law or pursuant to

any other comparable provision of law.