The Penn Yan Village Board approved its 2025-26 budget this week, adopting a spending plan that includes a 5.99% increase in the property tax levy.
The levy—the total amount to be raised through property taxes—will rise by $220,118. According to village officials, this is expected to add approximately $115 to the average property tax bill, which stood at $2,049.53 for the 2024-25 fiscal year.
To help limit the impact of the tax increase, the village is applying a one-time appropriation of $221,000 from its unassigned general fund balance.
Have all the Finger Lakes news from Finger Lakes News Radio delivered to your email every morning for FREE! Sign up by clicking here
