Property Taxes in Penn Yan, New York
Median Penn Yan, New York effective property tax rate: 1.66%, significantly lower than the national median of 1.02%, and lower than the New York state median of 1.90%.
Median Penn Yan, New York home value: $216,100
Median annual Penn Yan, New York tax bill: $4,058, higher than the national median property tax bill of $2,400.
How are property taxes in Yates calculated?
Property taxes in Penn Yan, New York are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Penn Yan's property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Penn Yan, knowing local tax details benefits homeowners and investors.
Last Updated April 13, 2026
How Does the Penn Yan Property Tax Calculator Work?
Use this Penn Yan property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Penn Yan's median effective tax rate of 1.66% — based on actual property records in Yates County — to generate your estimate.
Enter your property's estimated assessed value — the figure used to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Penn Yan's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.
Your bill may vary by ZIP code within Penn Yan: rates range from 1.66% in 14527 to 1.66% in 14527, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Penn Yan.
About Penn Yan Property Taxes
About Property Taxes in Penn Yan, Yates, New York
Penn Yan’s median effective property tax rate of 1.66% is lower than the New York state median of 1.90% and higher than the national median of 1.02%. This rate reflects the Yates County base levy combined with local school district levies and special district levies that vary by subdivision throughout the city.
Property tax rates are not uniform across Penn Yan. Homeowners in the 14527 ZIP code carry a median effective rate of 1.66%, while those in the same ZIP code also pay 1.66%. This spread — 0 percentage points across the same city — reflects how school district boundaries and local assessment districts are drawn across Yates County. Understanding which part of Penn Yan you live in can make a meaningful difference to your annual tax bill.
Penn Yan homeowners who believe their assessed value is too high can file a formal appeal with the local Assessment Review Commission before the May 26, 2026 deadline each year.
If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.
Property Tax Rates Across Penn Yan, Yates County, New York
As noted earlier, local government entities set tax rates, which can vary widely within a state.
Why? Because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate.
While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process.
Below, you can compare Penn Yan's effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S.
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Penn Yan Tax Rate
1.66%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Yates County Tax Rate
1.68%
Median Effective New York Tax Rate
1.90%
Median Effective United States Tax Rate
1.27%
Property Tax Rates Across Penn Yan, Yates County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14527 | 1.29% | 1.58% | 1.66% | 2.26% | 2.52% |
Source: Ownwell
Property Tax Assessment Values Across Penn Yan, Yates County, New York
When examining property taxes in Penn Yan, New York, understanding the distinction between "market value" and "assessed value" is crucial.
The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Yates County assessment office estimates the market value for tax purposes.
The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
Assessment notices:
In Yates County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of May.
Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Penn Yan.
For example, the median home price in Penn Yan is $216,100, with tax bills ranging significantly across the county. Zip code 14527 has the highest median home price at $216,100.
Property Tax Assessment Values Across Penn Yan, Yates County, New York
Source: Ownwell
$139,000
$293,100
$447,200
Median Penn Yan Market Value
$216,100
Median Yates County Market Value
$205,900
Median New York Market Value
$312,500
Median United States Market Value
$274,101
Property Tax Assessment Values Across Penn Yan, Yates County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14527 | $98,514 | $140,280 | $216,100 | $469,000 | $847,980 |
Source: Ownwell
Property Tax Bills Across Penn Yan, Yates County, New York
Property tax bills in Penn Yan are calculated from the assessed value of a home and the local tax rate set by taxing authorities. The assessed value is based on the market value of the property, and that figure is multiplied by the applicable rate to determine the bill. For homeowners, this means a higher assessed value usually leads to a higher tax bill, while a lower assessment can reduce what is owed.
In Penn Yan, the median home price is $216,100, and the median property tax bill is $4,058 in ZIP code 14527. That is above the national median property tax bill of $2,400 and the national median property tax rate of 1.02%. Bills can vary widely, with the 25th percentile at $2,791, the 75th percentile at $6,818, and the 90th percentile at $11,436. These differences show how property taxes can significantly affect homeowner costs in the city.
Median Penn Yan Tax Bill
$4,058
Median Yates County Tax Bill
$3,876
Median New York Tax Bill
$5,420
Median United States Tax Bill
$3,209
Property Tax Bills Across Penn Yan, Yates County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14527 | $1,770 | $2,791 | $4,058 | $6,818 | $11,436 |
Source: Ownwell
Don't miss the deadline to file a grievance!
Dates | |
|---|---|
| Appeal Deadline | May 26 |
Links | |
|---|---|
| Yates Assessment Review Commission | |
| Website | yates.sdgnys.com |