Taughannock Falls at Taughannock Falls State Park in Ulysses, NY, is located between the Village of Trumansburg and the City of Ithaca. Cascading 215 feet from the ledge above into the gorge below, Taughannock Falls is one of the highest single-drop waterfalls east of the Rocky Mountains. An easy 3/4 mile walk along the Gorge Trail will take you to the base of the falls. The Rim Trail is more challenging and offers spectacular views of Cayuga Lake and Taughannock Falls from above the rocky gorge.