Covington, Campbell County, Kentucky Property Taxes

Name: Property Tax Bills Across Covington, Campbell County, Kentucky
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Covington, KY effective property tax rate: 1.25%, significantly higher than the national median of 1.02%, but lower than the Kentucky state median of 1.02%.
Median Covington, KY home value: $81,000
Median annual Covington, KY tax bill: $1,012, $1,388 lower than the national median property tax bill of $2,400.

How are property taxes in Campbell County calculated?

Property taxes in Covington, KY 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, Campbell County, Kentucky Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.25%

Estimate Property Tax Bill

$1,013

$940

Ownwell’s Covington Property Tax Bill Calculator equips homeowners, real estate investors, and potential buyers with a simple way to estimate their annual property taxes in Covington using just two data points. By inputting your property's estimated assessed value, our calculator utilizes Covington’s median effective tax rate to deliver an accurate estimate of your property tax bill. Keep in mind that your property's assessed value, determined by Campbell County, accounts for any exemptions you may have, providing a precise calculation for your property tax obligations. This valuable tool offers insight into potential tax liabilities and demonstrates how Ownwell can assist in lowering property taxes within Campbell County. For those seeking more detailed information, please scroll down to discover city-level trends!

Property Tax Rates Across Covington, Campbell County, Kentucky

Local government entities set tax rates, which can vary widely within a state. This is because 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 Kentucky and the median property tax rates in Kentucky and the U.S. Covington, located in Campbell County, experiences a higher property tax rate compared to the national median of 1.02%. Kentucky's median property tax rate of 1.25% exceeds the national average, reflecting the state's approach to funding local services. This means that property owners in Covington may find themselves with a property tax bill that is higher than the national median property tax bill of $2400. Understanding these differences can help property owners in Covington make informed decisions about property tax appeals and exemptions, potentially leading to significant savings.

Property Tax Rates Across Covington, Campbell County, Kentucky

Source: Ownwell

0.40%

0.95%

1.50%

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%

Median Effective Campbell County Tax Rate

1.05%

Median Effective Kentucky Tax Rate

1.02%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Covington, Campbell County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
41011	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Covington, Campbell County, Kentucky

When examining property taxes in Covington, KY, 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 Campbell County Property Valuation Administrator 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 Campbell 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 $81,000, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Covington, Campbell County, Kentucky

Source: Ownwell

$83,000

$204,000

$325,000

Median Covington Market Value

$81,000

Median Campbell County Market Value

$157,900

Median Kentucky Market Value

$110,000

Median United States Market Value

$235,294

Property Tax Assessment Values Across Covington, Campbell County, Kentucky

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
41011	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Covington, Campbell County, Kentucky

In Covington, located in Campbell County, KY, property tax bills are determined by applying the county's tax rate to the assessed value of a property. The assessed value is typically a percentage of the property's market value, which in this area is notably lower than the national median home price. Homeowners in Covington face a median property tax bill of $1,012, which is significantly below the national median of $2,400. This lower tax bill can be attributed to the area's relatively modest median home price of $81,000. However, even with a seemingly low tax bill, it's essential for homeowners to ensure they are not overpaying. Factors such as changes in property value or errors in assessment can lead to higher taxes. Ownwell offers an invaluable service by reviewing property assessments and identifying potential savings. By filing appeals and seeking exemptions, Ownwell helps homeowners reduce their tax burden, ensuring they pay only their fair share and potentially saving hundreds of dollars annually.

Property Tax Bills Across Covington, Campbell County, Kentucky

Source: Ownwell

$418

$1,538

$2,658

Median Covington Tax Bill

$1,012

Median Campbell County Tax Bill

$1,294

Median Kentucky Tax Bill

$1,031

Median United States Tax Bill

$2,400

Property Tax Bills Across Covington, Campbell County, Kentucky

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
41011	N/A	N/A	N/A	N/A	N/A

Source: Ownwell