New Harmony, Iron County, Utah Property Taxes

Name: Property Tax Bills Across New Harmony, Iron County, Utah
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median New Harmony, Utah effective property tax rate: 0.44%, significantly lower than the national median of 1.02%, but lower than the Utah state median of 0.55%. Median New Harmony, Utah home value: $786,771. Median annual New Harmony, Utah tax bill: $3,444, $1,044 higher than the national median property tax bill of $2,400.

How are property taxes in Iron County calculated?

Property taxes in New Harmony, Utah 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 New Harmony’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in New Harmony, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

New Harmony, Iron County, Utah Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.44%

Estimate Property Tax Bill

$3,462

$3,212

Ownwell’s New Harmony Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in New Harmony with just two data points. By entering your property's estimated assessed value, our calculator applies New Harmony’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 Iron County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across New Harmony, Iron County, Utah

Local government entities set tax rates, which can vary widely within a state. Annually, 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. In New Harmony, located in Iron County, Utah, the effective property tax rate is notably lower than both the state and national medians. With Utah's median property tax rate at 0.44%, it is already less than half the national median of 1.02%. This makes New Harmony an attractive location for property owners looking for lower tax burdens. The lower tax rate can be attributed to the efficient management of county budgets and the relatively high total value of taxable property. For property owners, this means more potential savings and a lighter financial load compared to other regions. If you're considering a property investment or relocation, New Harmony presents a compelling case with its favorable tax climate.

Property Tax Rates Across New Harmony, Iron County, Utah

Source: Ownwell

0.36%

0.61%

0.85%

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 New Harmony Tax Rate

0.44%

Median Effective Iron County Tax Rate

0.74%

Median Effective Utah Tax Rate

0.55%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across New Harmony, Iron County, Utah

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
84757	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across New Harmony, Iron County, Utah

When examining property taxes in New Harmony, Utah, 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 Iron County Assessor 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 Iron County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. 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 New Harmony.

For example, the median home price in New Harmony is $786,771, with tax bills ranging significantly across the county. The national median property tax bill is $2400, highlighting the variance in local tax burdens.

Property Tax Assessment Values Across New Harmony, Iron County, Utah

Source: Ownwell

$6,525

$200,332

$394,138

Median New Harmony Market Value

$786,771

Median Iron County Market Value

$176,312

Median Utah Market Value

$457,600

Median United States Market Value

$235,294

Property Tax Assessment Values Across New Harmony, Iron County, Utah

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
84757	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across New Harmony, Iron County, Utah

In New Harmony, located in Iron County, UT, property tax bills are determined by the assessed value of a property and the local tax rate. The assessed value is typically a percentage of the property's market value, which is influenced by factors such as location, property size, and market conditions. Homeowners in New Harmony face a median property tax bill that can range from $3,290 at the 25th percentile to $8,389 at the 90th percentile, indicating a significant variance based on property value and other factors. Compared to the national median property tax bill of $2,400, homeowners in New Harmony often pay more, reflecting the higher median home price of $786,771 in the area. This can place a substantial financial burden on homeowners. Ownwell can assist by providing expert property tax appeal services, potentially reducing the assessed value and lowering tax bills. By leveraging local market insights and assessment data, Ownwell helps homeowners navigate the appeals process to achieve meaningful savings on their property tax obligations.

Property Tax Bills Across New Harmony, Iron County, Utah

Source: Ownwell

$49

$1,088

$2,127

Median New Harmony Tax Bill

$3,444

Median Iron County Tax Bill

$974

Median Utah Tax Bill

$2,492

Median United States Tax Bill

$2,400

Property Tax Bills Across New Harmony, Iron County, Utah

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
84757	N/A	N/A	N/A	N/A	N/A

Source: Ownwell