Covington County Property Taxes
The median property tax rate in Covington County is 0.34%, which is significantly lower than both the national median of 0.99% and the Alabama state median of 0.47%. With the median home value in Covington County, the typical annual property tax bill is $408, far below the national median of $2,690. Property taxes in Covington County are calculated based on the tax assessed value, which often falls below the actual market value due to various property tax exemptions like the primary residence and agricultural exemptions. Understanding Covington County's specific property tax system, exploring available exemptions, and identifying opportunities for property tax reductions can provide significant annual savings. Whether you live in Andalusia or another part of Covington County, gaining a comprehensive knowledge of local property taxes will benefit both homeowners and real estate investors.
Last Updated June 14, 2024
Covington County Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Average Tax Rate
0.34%
Estimate Property Tax Bill
$388
$360
Ownwell’s Covington Property Tax Bill Calculator helps any homeowner, real estate investor, or potential owner to estimate their annual property taxes in Covington with just 2 data points. Enter your property's estimated assessed value, and our calculator applies the median tax rate in Covington to estimate your property tax bill. This insight helps you understand potential tax liabilities. If you’d like to see trends on a city level, scroll down to navigate to a more local informational page. Your property assessed value is the value assigned to your property by your county for property tax calculations. Assessed value takes into account any exemptions you may have on your property.
Property Tax Rates Across Covington County, Alabama
Property taxes in Covington County play a crucial role in funding essential local services like public schools, road maintenance, and emergency services. The median tax rate in Covington County is 0.34%, which is lower than both the Alabama state median and the U.S. national median of 0.99%. Local government entities within Covington County set these rates annually, and they can vary significantly between different areas within the county. Each year, Covington County estimates its required budget to maintain services for the upcoming fiscal year, and divides this budget by the total value of all taxable property in the jurisdiction, resulting in the property tax rate. Although tax rates and budgets are influenced by laws and voter input, this calculation forms the basic process for setting property tax rates. The following data compares Covington County's effective property tax rate with other counties in Alabama and the national median. For comparison, the city of Lockhart has one of the higher property tax rates in Alabama at 0.74%, while the city of Gantt boasts one of the lowest at 0.54%. Analyzing how Covington County's tax rates stack up against these benchmarks can give homeowners a better understanding of the local tax landscape.
Average Covington County Tax Rate
0.34%
Average Alabama Tax Rate
0.47%
Average United States Tax Rate
0.99%
Property Tax Rates Across Covington County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Andalusia | 0.19% | 0.24% | 0.33% | 0.54% | 0.78% |
| Dozier | 0.15% | 0.20% | 0.25% | 0.54% | 0.54% |
| Elba | 0.25% | 0.25% | 0.25% | 0.25% | 0.25% |
| Florala | 0.18% | 0.24% | 0.35% | 0.74% | 0.74% |
| Gantt | 0.27% | 0.27% | 0.54% | 0.54% | 0.54% |
| Kinston | 0.20% | 0.22% | 0.25% | 0.54% | 0.54% |
| Lockhart | 0.28% | 0.31% | 0.74% | 0.74% | 0.74% |
| Mckenzie | 0.54% | 0.54% | 0.54% | 0.54% | 0.54% |
| Mc Kenzie | 0.12% | 0.22% | 0.25% | 0.54% | 0.54% |
| Opp | 0.21% | 0.27% | 0.36% | 0.78% | 0.78% |
| Red Level | 0.15% | 0.20% | 0.25% | 0.54% | 0.54% |
| River Falls | 0.26% | 0.27% | 0.64% | 0.64% | 0.64% |
| Samson | 0.21% | 0.23% | 0.25% | 0.28% | 0.29% |
| Wing | 0.14% | 0.21% | 0.25% | 0.54% | 0.54% |
Source: Ownwell
Property Tax Assessment Values Across Covington County, Alabama
In Covington County, understanding the difference between "market value" and "assessed value" is key to comprehending property taxes. The market value represents the price a willing buyer would pay to a willing seller in an open, competitive market, considering location, property condition, and current economic trends. For tax purposes, this value is estimated by the Covington County Appraisal District. The assessed value, however, 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. Assessment notices in Covington County are typically mailed in the spring, usually by the middle of April. These notices provide homeowners with both the market and assessed values, along with an estimate of the annual property tax bill. By distinguishing between these valuation concepts, property owners can better navigate their tax responsibilities and understand how their property taxes are affected. Being aware of these valuation processes in Covington County will help you identify opportunities for appealing assessments or applying for exemptions to manage your tax burden more effectively. In Covington County, Kinston has the highest median tax bill at $589, while Samson has the lowest at $147.
Property Tax Assessment Values Across Covington County, Alabama
Source: Ownwell
$32,360
$163,725
$295,090
Average Covington County Assessed Value
$114,020
Average Alabama Assessed Value
$149,600
Average United States Assessed Value
$244,900
Property Tax Assessment Values Across Covington County, Alabama
| City | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Andalusia | $43,052 | $74,080 | $131,720 | $218,620 | $328,248 |
| Dozier | $52,304 | $89,200 | $142,320 | $239,440 | $356,900 |
| Elba | $193,960 | $193,960 | $193,960 | $193,960 | $193,960 |
| Florala | $26,768 | $48,980 | $94,380 | $164,700 | $263,908 |
| Gantt | $35,672 | $60,840 | $202,000 | $238,040 | $297,848 |
| Kinston | $90,226 | $116,405 | $247,080 | $318,875 | $549,984 |
| Lockhart | $21,588 | $33,005 | $51,890 | $81,720 | $115,894 |
| Mckenzie | $32,360 | $32,360 | $32,360 | $32,360 | $32,360 |
| Mc Kenzie | $25,610 | $55,345 | $111,470 | $163,140 | $237,706 |
| Opp | $37,452 | $61,055 | $96,860 | $162,365 | $255,974 |
| Red Level | $39,372 | $64,065 | $108,650 | $182,715 | $267,940 |
| River Falls | $56,302 | $71,470 | $94,580 | $126,550 | $183,772 |
| Samson | $53,754 | $56,145 | $60,130 | $64,115 | $66,506 |
| Wing | $41,976 | $73,930 | $119,980 | $206,490 | $343,560 |
Source: Ownwell
Property Tax Bills Across Covington County, Alabama
In Covington County, AL, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The median home price in Covington County is $114,020. Homeowners can expect varying tax bills depending on the assessed value of their property and the tax rate applied. For instance, the 25th percentile tax bill is around $241, while the 75th percentile tax bill rises to about $650. At the 90th percentile, tax bills can reach up to $1,001. Several factors influence the final tax bill, including the property's assessed value and the local tax rate. Homeowners in cities like Kinston face the highest median tax bill at $589, whereas those in Samson experience the lowest at $147. These differences highlight how local tax rates and property values can significantly impact what homeowners owe. Compared to the national median property tax rate of 0.99%, Covington County offers relatively affordable property tax bills, making it an attractive location for homeowners.
Average Covington County Tax Bill
$408
Average Alabama Tax Bill
$717
Average United States Tax Bill
$2,690
Property Tax Bills Across Covington County, Alabama
| City | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| Andalusia | $161 | $271 | $457 | $733 | $1,129 |
| Dozier | $145 | $233 | $413 | $623 | $910 |
| Elba | $477 | $477 | $477 | $477 | $477 |
| Florala | $106 | $187 | $337 | $545 | $879 |
| Gantt | $120 | $268 | $546 | $1,003 | $1,248 |
| Kinston | $208 | $379 | $589 | $735 | $984 |
| Lockhart | $108 | $169 | $243 | $386 | $524 |
| Mckenzie | $175 | $175 | $175 | $175 | $175 |
| Mc Kenzie | $81 | $156 | $273 | $425 | $593 |
| Opp | $159 | $247 | $393 | $609 | $893 |
| Red Level | $97 | $175 | $306 | $485 | $718 |
| River Falls | $250 | $289 | $327 | $505 | $786 |
| Samson | $140 | $142 | $147 | $152 | $155 |
| Wing | $130 | $210 | $294 | $526 | $679 |
Source: Ownwell