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Covington, Hill County, Texas Property Taxes

  • Median Covington, TX effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Texas state median of 1.67%.

  • Median Covington, TX home value: $180,135

  • Median annual Covington, TX tax bill: $2059, $341 lower than the national median property tax bill of $2,400.

How are property taxes in Hill County calculated?

Property taxes in Covington, TX 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, Hill County, Texas Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$2,252

$2,090

SAVE WITH OWNWELL

$1,102

Average Tax Savings

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

Property Tax Rates Across Covington, Hill County, Texas

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. Below, you can compare Covington’s effective property tax rate to other cities in Texas and the median property tax rates in Texas and the U.S. Covington, located in Hill County, has an effective property tax rate of 1.25%, which is above the national median of 1.02%. This places Covington on the higher end of the spectrum compared to the national average. However, it aligns with the highest median property tax rate within the county, which is also 1.25%. This consistency in the tax rate indicates a stable taxation environment within the region. Understanding these rates can help property owners make informed decisions about property investments and financial planning in Covington and the surrounding areas.

Property Tax Rates Across Covington, Hill County, Texas

Source: Ownwell

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1.25%

1.91%

2.58%

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

1.25%

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 Hill County Tax Rate

1.56%

Median Effective Texas Tax Rate

1.67%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Covington, Hill County, Texas

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
766360.65%1.02%1.25%1.40%1.53%

Source: Ownwell

Property Tax Assessment Values Across Covington, Hill County, Texas

When examining property taxes in Covington, TX, 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 Hill County Appraisal District 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 Hill County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. 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 $180,135, with tax bills ranging significantly across the county. Zip code 76636 has the highest median home price at $180,135.

Property Tax Assessment Values Across Covington, Hill County, Texas

Source: Ownwell

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$41,480

$125,125

$208,770

Median Covington Market Value

$180,135

Median Hill County Market Value

$116,870

Median Texas Market Value

$247,950

Median United States Market Value

$235,294

Property Tax Assessment Values Across Covington, Hill County, Texas

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
76636$44,356$96,070$180,135$314,092$523,507

Source: Ownwell

Property Tax Bills Across Covington, Hill County, Texas

In Covington, Hill County, TX, property tax bills are calculated based on the assessed value of a home, which is determined by the local tax assessor. The assessed value is then multiplied by the local tax rate to determine the tax bill. The median home price in Covington is $180,135, with property tax bills ranging from $1,098 at the 25th percentile to $4,787 at the 90th percentile. Compared to the national median property tax bill of $2,400, homeowners in Covington may experience lower or higher tax bills depending on their property's assessed value and location within the city.

For homeowners looking to reduce their tax burden, Ownwell offers expert property tax appeal and exemption services. By analyzing property assessments and identifying discrepancies or opportunities for exemptions, Ownwell helps homeowners potentially lower their tax bills. With personalized assistance and a proven track record, Ownwell ensures that property taxes are fair and manageable, providing significant savings for homeowners in Covington.

Property Tax Bills Across Covington, Hill County, Texas

Source: Ownwell

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$610

$1,709

$2,808

Median Covington Tax Bill

$2,059

Median Hill County Tax Bill

$1,810

Median Texas Tax Bill

$3,971

Median United States Tax Bill

$2,400

Property Tax Bills Across Covington, Hill County, Texas

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
76636$438$1,098$2,059$3,425$4,787

Source: Ownwell

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