Covington to lower real estate tax rates, some residents to get lower bill

September 4, 2026 - 04:43

The city of Covington has released its proposed property tax rates for the upcoming fiscal year, and the headline is good news for homeowners. Officials have put forward a plan to reduce the real estate tax rate, which means many residents could see their overall tax bill shrink compared to last year.

The proposed rate is set lower than the current one, a move that city administrators say reflects a careful review of budget needs and a stronger-than-expected local tax base. Because property values have risen in some neighborhoods, the lower rate will not automatically mean a lower bill for everyone. However, for those whose home assessments stayed flat or increased modestly, the cut should translate into real savings.

City leaders stressed that the reduction is possible without slashing core services like public safety, road maintenance, and parks. They pointed to efficient spending and a diversified revenue stream as key factors. The proposal will now go through a series of public hearings before the final vote. Residents are encouraged to attend and share their thoughts on the plan, which is scheduled to take effect at the start of the new fiscal year. If approved, it would mark the second consecutive year of a rate decrease.