(A) One-half on abutting property; exceptions. One-half of the total cost of a street or sidewalk improvement made by the town, exclusive of so much of the cost as is incurred at the street intersections and the share of railroads, shall be specifically assessed upon the lots and parcels of land abutting directly on the improvement, according to the extent of their respective frontage, unless the petition for the street or sidewalk improvement shall request that a larger proportion of the cost, specified in the petition, be so assessed, in which case the larger proportion shall be so assessed, and the remainder of the cost shall be borne by the town at large. No assessment for streets and sidewalks shall be made against abutting property on any street or sidewalk until the street or sidewalk has been definitely laid out and the boundaries of the same definitely fixed.
(B) Assessments after default; upon railroads. The cost of that part of a street improvement required to be borne by a railroad company and made by the town after default by a railroad company in making the same, as provided in § 151.03 above, shall be assessed against the company and shall be collected from abutting property owners, and the assessment shall be a lien on all of the franchises and property of the railroad company.
(C) For sidewalks. The entire cost of a sidewalk improvement required to be made by owners of property abutting thereon and made by the town after default by the property owners in making same, as provided in § 151.03 above, shall be assessed against the lots and parcels of land abutting on that side of the street upon which the improvement is made and directly on the improvement, according to their respective frontages thereon, by an equal rate per foot of the frontage.
(D) Water and sewer connections. The entire cost of each water and sewer connection required to be made by the owner of the property for or in connection with which the connection was made, but made by the town after default by the property owner in making the same, as provided in § 151.03 above, shall be specially assessed against the particular lot or parcel of land for or in connection with which it was made.
(E) Exemptions. No lands within the town shall be exempt from local assessment.
(1977 Code, § 14-5)