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 2025/26 was set at £114.60 per annum at the Full Council Meeting held on 6th January 2025. This was an increase of £13.21 per year on the 2024/25 rate which equates to £1.10 a month or 25 pence per week.

The actual amounts paid by each council tax band are:

Band A            £85.34

Band B            £95.09

Band C            £104.84

Band D            £114.60

Band E            £134.09

Band F            £153.60

Band G           £173.10

Band H           £202.35