Covington Principal Arrested: Your Property Taxes Just Got a Shock – Here's What It Means for Your Wallet
The arrest of the Covington principal is sending shockwaves through the local housing market, and experts warn it could hit your homeowners insurance and property taxes within weeks. As the school's leadership crisis deepens, property values in the Covington School District are expected to drop, which sounds like good news for buyers but could trigger a spike in your annual tax bill if the district issues emergency bonds to cover the fallout. Meanwhile, your car insurance rates might also climb as insurers reassess risk in the area. Check your next statement—this scandal is about to cost you.