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Lake Balboa, Los Angeles County, California Property Taxes

  • Median LAKE BALBOA, CA effective property tax rate: 1.22%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.

  • Median LAKE BALBOA, CA home value: $455,618

  • Median annual LAKE BALBOA, CA tax bill: $5,534, $3,134 higher than the national median property tax bill of $2,400.

How are property taxes in Los Angeles calculated?

Property taxes in LAKE BALBOA, CA are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding LAKE BALBOA’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in LAKE BALBOA, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake Balboa, Los Angeles County, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.22%

Estimate Property Tax Bill

$5,559

$5,158

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lake Balboa Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Balboa with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Balboa’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a more precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Los Angeles County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Balboa, Los Angeles County, California

Local government entities set tax rates, which can vary widely within a state. This variation occurs because annually, each county estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, in a nutshell, this is the annual process. Below, you can compare Lake Balboa’s effective property tax rate to other cities in California and the median property tax rates in California and the U.S.

Property Tax Rates Across Lake Balboa, Los Angeles County, California

Source: Ownwell

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1.08%

1.43%

1.78%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Lake Balboa Tax Rate

1.22%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Los Angeles County Tax Rate

1.24%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Balboa, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
914061.18%1.21%1.22%1.25%1.29%

Source: Ownwell

Property Tax Assessment Values Across Lake Balboa, Los Angeles County, California

When examining property taxes in Lake Balboa, CA, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Los Angeles County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill. In Los Angeles County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of April. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Lake Balboa. For example, the median home price in Lake Balboa is $455,618, with tax bills ranging significantly across the county. Zip code 91406 has the highest median home price at $455,618.

Property Tax Assessment Values Across Lake Balboa, Los Angeles County, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Median Lake Balboa Market Value

$455,618

Median Los Angeles County Market Value

$434,238

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Balboa, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91406$231,385$317,728$455,618$780,860$884,810

Source: Ownwell

Property Tax Bills Across Lake Balboa, Los Angeles County, California

In Lake Balboa, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of a home. Unlike the market value, the assessed value is determined by the local tax assessor and typically reflects a percentage of the market value. Homeowners in this area experience a median property tax bill of $5,534, which is significantly higher than the national median of $2,400. This elevated tax bill can be attributed to the high property values in the region. Factors influencing the tax bill include the home's assessed value and any applicable local tax rates or levies.

For homeowners, these tax bills can represent a substantial financial burden. However, Ownwell offers a solution by providing property tax appeal and exemption services. By leveraging their expertise, Ownwell can help homeowners potentially reduce their assessed property value, leading to a lower tax bill. This service not only helps in alleviating financial stress but also ensures that homeowners are not overpaying on their property taxes.

Property Tax Bills Across Lake Balboa, Los Angeles County, California

Source: Ownwell

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$823

$15,724

$30,625

Median Lake Balboa Tax Bill

$5,534

Median Los Angeles County Tax Bill

$5,343

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Balboa, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91406$2,888$4,108$5,534$8,196$10,437

Source: Ownwell

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