Covington city, Virginia Property Taxes
Census Bureau ACS property tax data for Virginia. Population: 1,781.
The median annual property tax in Covington city is $629, which is 68% lower than the Virginia state average and 67% below the national average. The effective tax rate is 0.78% on a median home value of $80,200. Property taxes represent 1.5% of the median household income in this county.
Median Annual Tax
$629
-68% vs State
-67% vs US
Median Home Value
$80,200
-71% vs State
-62% vs US
Effective Tax Rate
0.78%
+16% vs State
-18% vs US
With vs Without Mortgage
With Mortgage
$755
$63/mo
Without Mortgage
$502
$42/mo
Homeowners with a mortgage typically own higher-valued properties, which can result in higher tax bills.
Property Tax History
| Year | Median Tax | Effective Rate |
|---|---|---|
| 2023 | $629 -2.2% | 0.78% |
| 2022 | $643 +9.7% | 0.80% |
| 2021 | $586 +9.7% | 0.84% |
| 2020 | $534 +9.4% | 0.76% |
| 2019 | $488 | 0.67% |
Tax Burden
Tax-to-Income Ratio
1.5%
of median household income
Median Income
$42,724
per year
Monthly Tax
$52
per month
Other Counties in Virginia
Greensville County
Tax: $936/yr Rate: 0.59%
Franklin city
Tax: $1,677/yr Rate: 0.74%
Caroline County
Tax: $1,585/yr Rate: 0.56%
Chesapeake city
Tax: $2,937/yr Rate: 0.82%
Appomattox County
Tax: $1,006/yr Rate: 0.53%
Chesterfield County
Tax: $2,636/yr Rate: 0.78%
Frequently Asked Questions
What is the average property tax in Covington city, Virginia? ▼
The median annual property tax in Covington city is $629 based on the most recent Census Bureau American Community Survey data. The effective tax rate is 0.78% on a median home value of $80,200.
How does Covington city property tax compare to the national average? ▼
Property taxes in Covington city are 67% below the national average of $1,923. The effective rate of 0.78% compares to 0.95% nationally.
Does having a mortgage affect property taxes in Covington city? ▼
In Covington city, homeowners with a mortgage pay a median of $755 in annual property taxes, while homeowners without a mortgage pay $502. This difference often reflects the value of homes rather than different tax rates.
What percentage of income goes to property taxes in Covington city? ▼
Property taxes in Covington city represent approximately 1.5% of the median household income of $42,724. The national benchmark is generally 2-4% of household income.
Explore More Data
Data source: U.S. Census Bureau, American Community Survey 5-Year Estimates. Property tax data reflects median amounts paid by homeowners. Effective rates are calculated as median tax divided by median home value.