Covington, Baraga County, Michigan Property Taxes
Median Covington, MI effective property tax rate: 0.89%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Covington, MI home value: $58,575
Median annual Covington, MI tax bill: $651, $1,749 lower than the national median property tax bill of $2,400.
How are property taxes in Baraga County calculated?
Property taxes in Covington, MI 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, Baraga County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.28%
Estimate Property Tax Bill
$749
$695
Property Tax Rates Across Covington, Baraga County, Michigan
Local government entities determine tax rates which can vary widely within a state. This variation occurs because each county annually 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 Michigan and the median property tax rates in Michigan and the U.S. Covington, located in Baraga County, has a median property tax rate of 0.89%. Compared to the national median property tax rate of 1.02%, Covington's rate is slightly lower, offering potential savings for property owners. However, within Michigan, Covington's rate aligns with both the highest and lowest median tax rates in the state, showcasing a uniformity in property tax assessments in this region. Understanding these rates can help property owners make informed decisions about their investments and potential savings in property taxes.
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
1.28%
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 Baraga County Tax Rate
1.09%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Covington, Baraga County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49919 | 0.64% | 0.98% | 1.28% | 1.83% | 2.28% |
Source: Ownwell
Property Tax Assessment Values Across Covington, Baraga County, Michigan
When examining property taxes in Covington, MI, 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 Baraga 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 Baraga 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 $58,575, with tax bills ranging significantly across the county. 49919 has the highest median home price at $58,575.
Property Tax Assessment Values Across Covington, Baraga County, Michigan
Source: Ownwell
$58,524
$120,357
$182,189
Median Covington Market Value
$58,524
Median Baraga County Market Value
$96,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Covington, Baraga County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49919 | $23,030 | $36,390 | $58,524 | $95,140 | $155,781 |
Source: Ownwell
Property Tax Bills Across Covington, Baraga County, Michigan
In Covington, located in Baraga County, MI, property tax bills are determined by assessing the property's value and applying the local tax rate. The median home price in this area is $58,575, and the property tax bill varies significantly. At the 25th percentile, homeowners pay approximately $340, while those at the 75th percentile face a tax bill of around $979. The 90th percentile sees tax bills reaching up to $1,625. These figures reflect how property values and local tax rates combine to impact homeowners' financial obligations. Compared to the national median property tax bill of $2,400, Covington's tax bills are relatively modest. However, even these amounts can be burdensome for some homeowners.
Ownwell offers valuable assistance by providing property tax appeal and exemption services. By leveraging expert knowledge and experience, Ownwell helps homeowners identify potential savings, ensuring they pay only what is necessary. This can lead to significant reductions in property tax bills, alleviating the financial strain on homeowners and enhancing their overall financial well-being.
Median Covington Tax Bill
$849
Median Baraga County Tax Bill
$1,144
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Covington, Baraga County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49919 | $181 | $471 | $849 | $1,291 | $2,019 |
Source: Ownwell