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Seventy-five percent of the City's revenue is generated through sales tax. Much appreciation to the grocery stores, retailers, pharmacies and great restaurants that help fund our city services / improvements.
Twenty-five percent of the City's revenue comes from property tax "millage" paid by property owners. This tax must be re-approved by the voters every ten years. That time has come again.
Side note: As property values increase, the City Council routinely votes to "roll back" the millage i.e. reduce the amount one pays. Although property values increase, what one pays remains the same. Kudos to the Council.
Side note #2: Property owners in the city of Covington have the lowest property taxes in all of St. Tammany Parish. This is due to the fact that we do not fully fund the fire department through property taxes and we lack a parish recreation district (such as Coquille, Pelican Park, Magnolia Park).
Side note #3: We are the only city in the Parish with its own Fire Department and the only one on this side of the parish with its own Recreation Department. Elsewhere, Fire and Recreation are funded by additional dedicated property taxes.
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