Covington, Georgia Property Taxes
The median property tax rate in Covington, GA is 1.11%, which is higher than both the national median of 0.99% and the Georgia state median of 1.08%. With a median home value of $236,480 in Covington, the typical annual property tax bill reaches $2,483, slightly below the national median of $2,690. Property taxes in Covington are calculated based on the tax assessed value, which often falls below the market value due to various exemptions, such as those for primary residences and agricultural properties. Understanding Covington's property tax system, exploring available exemptions, and identifying opportunities for reductions can lead to significant annual savings. Whether you're situated in the heart of Covington or another part of the city, understanding the local property tax system will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Covington, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
1.11%
Estimate Property Tax Bill
$2,625
$2,550
Ownwell’s Covington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner estimate their annual property taxes in Covington with just two data points. By entering your property's estimated assessed value, the calculator applies the median tax rate in Covington to estimate your property tax bill. This insightful tool helps you understand potential tax liabilities. If you’re interested in seeing trends on a neighborhood level, scroll down to find more localized information. Your property’s assessed value is the value assigned by the county for property tax calculations, accounting for any exemptions that may apply.
Property Tax Rates Across Covington, Georgia
Property taxes in Covington, Georgia, are crucial in funding essential local services such as public schools, road maintenance, and emergency services. The median tax rate in Covington is 1.11%, higher than both the Georgia state median and the U.S. national median of 0.99%. Local government entities within Covington set these rates annually, and they can vary significantly across different neighborhoods. Each year, Covington estimates its required budget to maintain services for the upcoming fiscal year, then divides this budget by the total value of all taxable property within the jurisdiction to calculate the property tax rate. While tax rates and budgets are influenced by laws and voter input, this calculation forms the basis of setting property tax rates. The data below compares Covington's effective property tax rate to other counties in Georgia and the national median. For comparison, the 30014 zip code has the highest median property tax rate of 1.11%, while the 30014 zip code has the lowest median tax rate of 1.11%. Understanding how these areas compare with Covington provides valuable insights into the varying tax landscape across Jasper County, helping homeowners gain a clearer picture of their property tax obligations relative to neighboring areas.
Average Covington Tax Rate
1.11%
Average Jasper County Tax Rate
1.10%
Average Georgia Tax Rate
1.08%
Average United States Tax Rate
0.99%
Property Tax Rates Across Covington, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30014 | 1.04% | 1.10% | 1.11% | 1.20% | 1.37% |
Source: Ownwell
Property Tax Assessment Values Across Covington, Georgia
In Covington, Georgia, understanding the difference between "market value" and "assessed value" is crucial for comprehending property taxes. The market value is the price a willing buyer would pay a willing seller in an open and competitive market, influenced by factors like location, property condition, and economic trends. This value is estimated by the Jasper County Appraisal District for tax purposes. In contrast, the assessed value is the market value minus any applicable exemptions or limits based on local laws and available programs. The assessed value is then used to calculate your property taxes by multiplying it by the combined tax rates of all relevant taxing entities. In Covington, assessment notices are typically mailed out in the spring, usually by mid-April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. For example, the median home price in Covington is $236,480, and tax bills can vary significantly, with the 25th percentile at $1,025 and the 75th percentile at $4,328. By understanding the distinction between these valuation concepts, property owners can better navigate their tax responsibilities and comprehend how their property taxes are determined. Being aware of these valuation processes in Covington helps identify opportunities for protesting assessments or applying for exemptions to effectively manage the tax burden.
Average Covington Assessed Value
$236,480
Average Jasper County Assessed Value
$170,400
Average Georgia Assessed Value
$231,400
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Covington, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30014 | $24,000 | $85,390 | $236,480 | $393,600 | $559,140 |
Source: Ownwell
Property Tax Bills Across Covington, Georgia
In Covington, GA, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of its market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. For instance, with a median home price of $236,480, homeowners in Covington can expect varying tax bills depending on their property's assessed value and the applicable tax rate. Several factors influence the final tax bill, including the property's location within the county and any applicable exemptions or deductions. In Covington, the tax bill at the 25th percentile is $1,025, while at the 75th percentile, it rises to $4,328. For those at the 90th percentile, the tax bill can go as high as $6,151. The highest median tax bill in the area is $2,483, found in zip code 30014. These property taxes play a crucial role in funding local services such as schools, public safety, and infrastructure, directly impacting homeowners and the community.
Average Covington Tax Bill
$2,483
Average Jasper County Tax Bill
$1,844
Average Georgia Tax Bill
$2,212
Average United States Tax Bill
$2,690
Property Tax Bills Across Covington, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30014 | $423 | $1,025 | $2,483 | $4,328 | $6,151 |
Source: Ownwell