Covington, Bolivar County, Mississippi Property Taxes
Median Covington, MS effective property tax rate: 2.89%, significantly higher than the national median of 1.02%, but lower than the Mississippi state median of 1.31%.
Median Covington, MS home value: $20,970
Median annual Covington, MS tax bill: $605, $1,795 lower than the national median property tax bill of $2,400.
How are property taxes in Bolivar County calculated?
Property taxes in Covington, MS 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, Bolivar County, Mississippi Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.89%
Estimate Property Tax Bill
$606
$562
Property Tax Rates Across Covington, Bolivar County, Mississippi
Local government entities in Mississippi set property tax rates, which can vary significantly within the state. Annually, each county, like Bolivar, estimates its budgetary needs for essential services and divides this by the total value of all taxable property within its jurisdiction. This calculation determines the property tax rate. While votes and laws play a role in setting these rates and budgets, this is essentially the annual process.
In Covington, located in Bolivar County, the effective property tax rate is 2.89%, which is notably higher than the national median of 1.02%. This means that property owners in Covington pay more in taxes compared to the average American property owner. When compared to other cities in Mississippi, Covington's property tax rate is also significantly above the state median. This discrepancy highlights how property tax rates can differ within a state, often reflecting the varying needs and budgets of local governments. Understanding these differences can help property owners make informed decisions about their investments and potential tax liabilities.
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
2.89%
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 Bolivar County Tax Rate
1.67%
Median Effective Mississippi Tax Rate
1.31%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Covington, Bolivar County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Assessment Values Across Covington, Bolivar County, Mississippi
When examining property taxes in Covington, Mississippi, 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 Bolivar 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 Bolivar 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 $20,970, with tax bills ranging significantly across the county. 38732 has the highest median home price at $20,970.
Property Tax Assessment Values Across Covington, Bolivar County, Mississippi
Source: Ownwell
$37,925
$48,293
$58,660
Median Covington Market Value
$20,970
Median Bolivar County Market Value
$42,460
Median Mississippi Market Value
$68,000
Median United States Market Value
$235,294
Property Tax Assessment Values Across Covington, Bolivar County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell
Property Tax Bills Across Covington, Bolivar County, Mississippi
Median Covington Tax Bill
$605
Median Bolivar County Tax Bill
$421
Median Mississippi Tax Bill
$854
Median United States Tax Bill
$2,400
Property Tax Bills Across Covington, Bolivar County, Mississippi
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|
Source: Ownwell