Covingham Parish Council is funded by a Precept. This is an element of the Council Tax collected by Swindon Borough Council and then passed to the Parish Council to provide services within the Parish. The amount for a Band D equivalent property for 2023/24 was set at £88.31 per annum at the Full Council Meeting held on 9th January 2023. This was an increase of 55 pence per year on the 2022/23 rate which equates to 05 pence a month or 01 pence per week.

The actual amounts paid by each council tax band are:

Band A            £59.06

Band B            £68.81

Band C            £78.56

Band D            £88.31

Band E            £107.81

Band F            £127.32

Band G           £146.82

Band H           £176.07