Covington, Walton County, Georgia Property Taxes
Median Covington, GA effective property tax rate: 1.34%, significantly higher than the national median of 1.02%, but lower than the Georgia state median of 1.08%.
Median Covington, GA home value: $298,600
Median annual Covington, GA tax bill: $4,108, $1,708 higher than the national median property tax bill of $2,400.
How are property taxes in Walton County calculated?
Property taxes in Covington, GA 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 Covington’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Covington, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Covington, Walton County, Georgia Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.34%
Estimate Property Tax Bill
$4,001
$3,713
Property Tax Rates Across Covington, Walton County, Georgia
Local government entities determine property tax rates, which can vary significantly within a state. Each county annually estimates the budget needed to provide essential services and divides it by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While voting and legislation play roles in setting these rates, this is the core of the annual process.
In Covington, located in Walton County, Georgia, the effective property tax rate stands at 1.34%. This is higher than the national median property tax rate of 1.02% but aligns with the highest and lowest rates within the 30014 ZIP code. Compared to other cities in Georgia, Covington's rate reflects the local government's budgetary requirements and the value of taxable property.
Understanding how Covington's property tax rate compares to state and national medians can help property owners make informed decisions. With property tax rates being a critical factor in determining overall housing costs, staying informed about local tax trends is essential for homeowners and prospective buyers alike.
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 Covington Tax Rate
1.34%
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 Walton County Tax Rate
1.34%
Median Effective Georgia Tax Rate
1.08%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Covington, Walton County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30014 | 1.34% | 1.34% | 1.34% | 1.34% | 1.34% |
| 30016 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Assessment Values Across Covington, Walton County, Georgia
When examining property taxes in Covington, GA, 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 Walton County Board of Assessors 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 Walton 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 Covington. For example, the median home price in Covington is $298,600, with tax bills ranging significantly across the county. Zip code 30014 has the highest median home price at $298,600.
Property Tax Assessment Values Across Covington, Walton County, Georgia
Source: Ownwell
$123,520
$221,760
$320,000
Median Covington Market Value
$298,600
Median Walton County Market Value
$259,800
Median Georgia Market Value
$231,400
Median United States Market Value
$235,294
Property Tax Assessment Values Across Covington, Walton County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30014 | $128,133 | $194,492 | $298,600 | $414,050 | $563,970 |
| 30016 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell
Property Tax Bills Across Covington, Walton County, Georgia
In Covington, property tax bills are calculated based on the assessed value of a home, which is a percentage of the market value. The local tax rate is then applied to this assessed value to determine the annual tax bill. Factors influencing the tax bill include the home's location, size, and market trends. Homeowners in Covington face a median tax bill that can vary significantly, with the 25th percentile bill at $2,626 and the 75th percentile reaching $5,538. This variation highlights the impact of different property assessments and tax rates within the area. The highest median tax bill recorded in the region is $4,108, which is above the national median of $2,400, indicating a heavier tax burden for some homeowners.
Ownwell assists homeowners by ensuring their property assessments are fair, potentially lowering their tax obligations. By identifying discrepancies in assessments and guiding through appeals, Ownwell can help homeowners in Covington save on their property tax bills, providing relief from the financial strain of high property taxes.
Median Covington Tax Bill
$4,108
Median Walton County Tax Bill
$4,679
Median Georgia Tax Bill
$2,212
Median United States Tax Bill
$2,400
Property Tax Bills Across Covington, Walton County, Georgia
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 30014 | $1,710 | $2,622 | $4,108 | $5,538 | $7,520 |
| 30016 | N/A | N/A | N/A | N/A | N/A |
Source: Ownwell