14527 Property Tax Rate

Property owners in ZIP code 14527 (Penn Yan, New York) pay a median of $3,679/year in property taxes on homes valued at $199,800. This translates to an effective tax rate of 1.84%, which is near the New York state average of 1.85%.

The monthly property tax burden for a median-valued home in 14527 is approximately $307, which factors into escrow payments on mortgages. This ZIP code is located within Yates County. This is $1,573 less than the New York average of $5,252/year.

Compared to similar ZIP codes in New York, 14527 has higher property taxes. ZIP codes with similar effective rates include 13026 (1.84%) and 13694 (1.84%).

In Penn Yan, property taxes represent approximately 5.6% of the median household income of $65,212, providing context for the relative tax burden on homeowners in this area.

New York has no statewide property tax cap; Yates County towns reassess properties on local schedules, typically every 6–8 years. Yates County primary homebuyers earning under $500,000 qualify for STAR (School Tax Relief), which exempts a portion of assessed value from school district taxes and generates annual savings of $300–$800. Apply for STAR with the Yates County Assessor's office or your town assessor before March 1 to begin receiving benefits on your next tax bill.