Penn Yan, Yates County, New York Property Taxes

Name: Property Tax Bills Across Penn Yan, Yates County, New York
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median PENN YAN, NY effective property tax rate: 1.80%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median PENN YAN, NY home value: $179,000
Median annual PENN YAN, NY tax bill: $3,947, $1,547 higher than the national median property tax bill of $2,400.

How are property taxes in Yates calculated?

Property taxes in PENN YAN, NY 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 March 1, 2025

Penn Yan, Yates County, New York Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.8%

Estimate Property Tax Bill

$3,222

$2,990

Ownwell’s PENN YAN Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in PENN YAN with just two data points. By entering your property's estimated assessed value, our calculator applies PENN YAN’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Yates County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Penn Yan, Yates County, New York

Local government entities set tax rates, which can vary widely within a state. 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.

PENN YAN, located in Yates County, NY, has an effective property tax rate of 1.80%. This rate is notably higher than the national median property tax rate of 1.02%. The property tax rate in PENN YAN is also the highest in the county, as well as the lowest, due to the uniformity across the region. The median property tax bill in PENN YAN is significantly above the national median of $2400. This comparison highlights the substantial variation in property tax rates and bills across different regions, even within the same state. Understanding these differences can help property owners make informed decisions about property investments and tax appeals.

Property Tax Rates Across Penn Yan, Yates County, New York

Source: Ownwell

1.68%

2.31%

2.93%

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

1.80%

Median Effective Yates County Tax Rate

1.79%

Median Effective New York Tax Rate

2.39%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Penn Yan, Yates County, New York

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
14527	1.62%	1.72%	1.80%	2.86%	2.95%

Source: Ownwell

Property Tax Assessment Values Across Penn Yan, Yates County, New York

When examining property taxes in Penn Yan, NY, 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 appraisal district 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.

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 $179,000, with tax bills ranging significantly across the county. Zip code 14527 has the highest median home price at $179,000.

Property Tax Assessment Values Across Penn Yan, Yates County, New York

Source: Ownwell

$105,100

$215,050

$325,000

Median Penn Yan Market Value

$179,000

Median Yates County Market Value

$166,700

Median New York Market Value

$255,644

Median United States Market Value

$235,294

Property Tax Assessment Values Across Penn Yan, Yates County, New York

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
14527	$82,070	$117,625	$179,000	$372,300	$694,020

Source: Ownwell

Property Tax Bills Across Penn Yan, Yates County, New York

In Penn Yan, located in Yates County, NY, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. This assessed value is then multiplied by the local tax rate to determine the annual tax bill. Factors such as the home's location, size, and any improvements made to the property can influence its assessed value. Homeowners in Penn Yan face a median tax bill of $3,947, which is significantly higher than the national median of $2,400. This can place a financial strain on homeowners, especially when considering the 25th percentile tax bill is $2,741, while the 90th percentile reaches $11,538. Ownwell can assist homeowners in reducing their property tax bills by providing expert guidance on appealing assessments and identifying potential exemptions. By leveraging their knowledge and experience, Ownwell helps ensure homeowners only pay their fair share, potentially saving them thousands of dollars annually on property taxes.

Property Tax Bills Across Penn Yan, Yates County, New York

Source: Ownwell

$2,461

$3,972

$5,482

Median Penn Yan Tax Bill

$3,947

Median Yates County Tax Bill

$3,654

Median New York Tax Bill

$5,938

Median United States Tax Bill

$2,400

Property Tax Bills Across Penn Yan, Yates County, New York

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
14527	$1,727	$2,741	$3,947	$6,775	$11,538

Source: Ownwell