Taps change the voltage by the percent indicated by changing the turns ratio. So, if you have a 480-208Y/120V (nominal) rating and the taps are on the HV side of the transformer you want to lower the turns ratio to increase voltage on LV side.
480/208 = 2.308 ratio (nominal tap)
468.3/208 = 2.25 ratio (-2.5% tap)
Which means that with 480V in the HV side, 480/2.25 = 213V on LV side.
Typically, the taps will be on side of the transformer with the lower rated current, i.e. HV side, but it would be prudent to always verify.
If the taps happen to be on the LV side, then you would increase the tap (+) to raise the LV side voltage which seems more intuitive.
example 480/213.2 = 2.25 ratio (+2.5%), and 480V in would give you 213V out.