Property Tax in Covington city
via TaxByCounty
Covington combines low rates, low values
Covington's effective tax rate of 0.784% sits above the national median of 0.72%, yet the city's modest median property tax of just $629 reflects its low median home value of $80,200—less than 30% of the national median. Covington serves as a small industrial city in rural southwest Virginia with limited residential wealth.
Moderate rate, minimal absolute burden
Covington's 0.784% effective rate slightly exceeds Virginia's state average of 0.671%, but the median tax bill of only $629 ranks among the state's lowest. The city's economic profile—smaller homes and lower valuations—keeps absolute tax payments minimal despite the percentage rate.
Poorest neighbor to Craig County
Covington's median property tax of $629 is actually lower than Craig County's $958, despite Covington's higher effective rate, because Covington homes are worth far less. Both represent economically modest communities in the Allegheny region, with Covington serving more industrial purposes.
Lowest tax bills in Virginia
A typical Covington homeowner with the median-valued property of $80,200 pays roughly $629 in annual property taxes. The remarkably low bill reflects the city's modest property values and population base.
Small properties deserve review too
Even homeowners with modest properties benefit from ensuring accurate assessments—overvaluations hit harder when income is limited. A free reassessment appeal could preserve hundreds of dollars across years of payments.