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Lake View Terrace, Los Angeles County, California Property Taxes

  • Median Lake View Terrace, CA effective property tax rate: 1.24%, significantly higher than the national median of 1.02%, but lower than the California state median of 1.21%.

  • Median Lake View Terrace, CA home value: $333,516

  • Median annual Lake View Terrace, CA tax bill: $4,189, $1,789 higher than the national median property tax bill of $2,400.

How are property taxes in Los Angeles County calculated?

Property taxes in Lake View Terrace, 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 View Terrace’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lake View Terrace, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Lake View Terrace, Los Angeles County, California Property Tax Bill Calculator

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.24%

Estimate Property Tax Bill

$4,136

$3,838

SAVE WITH OWNWELL

$1,102

Average Tax Savings

Ownwell’s Lake View Terrace Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake View Terrace with just two data points. By entering your property's estimated assessed value, our calculator applies Lake View Terrace’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 View Terrace, Los Angeles County, California

Local government entities set tax rates, which can vary widely within a state. 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. In Lake View Terrace, located in Los Angeles County, CA, the effective property tax rate reflects the county's budgeting needs and property values. Compared to the national median property tax rate of 1.02%, Lake View Terrace's rate is notably higher. This suggests that residents in this area may experience a higher property tax burden relative to other parts of the country. Additionally, within California, Lake View Terrace's rate is consistent with other cities, indicating a uniform approach to property taxation across the region. Understanding these rates can help property owners make informed decisions and potentially seek tax appeal services to ensure fair assessments.

Property Tax Rates Across Lake View Terrace, 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 View Terrace Tax Rate

1.24%

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 View Terrace, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Rate75th Percentile90th Percentile
913421.20%1.22%1.24%1.31%1.43%

Source: Ownwell

Property Tax Assessment Values Across Lake View Terrace, Los Angeles County, California

When examining property taxes in Lake View Terrace, 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 View Terrace. For example, the median home price in Lake View Terrace is $333,516, with tax bills ranging significantly across the county. Zip code 91342 has the highest median home price at $333,516.

Property Tax Assessment Values Across Lake View Terrace, Los Angeles County, California

Source: Ownwell

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$54,919

$1,436,037

$2,817,155

Median Lake View Terrace Market Value

$333,516

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 View Terrace, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Home Price75th Percentile90th Percentile
91342$120,327$225,736$333,516$537,738$649,298

Source: Ownwell

Property Tax Bills Across Lake View Terrace, Los Angeles County, California

In Lake View Terrace, located in Los Angeles County, CA, property tax bills are calculated based on the assessed value of a home, which is determined by the county assessor. This assessed value is a percentage of the property's market value. In this region, the property tax rate is typically around 1% of the assessed value, aligning closely with the national median of 1.02%. Homeowners in Lake View Terrace can expect a median property tax bill of approximately $4,189, notably higher than the national median of $2,400. Factors such as location, home size, and local tax levies contribute to the variation in tax bills. For instance, tax bills range from $2,953 at the 25th percentile to $7,790 at the 90th percentile. Ownwell offers valuable assistance to homeowners by providing property tax appeal and exemption services, helping to ensure that they are not overpaying on their property taxes. By leveraging expert knowledge and local data, Ownwell can help homeowners potentially reduce their tax burdens, resulting in significant savings.

Property Tax Bills Across Lake View Terrace, Los Angeles County, California

Source: Ownwell

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$823

$15,724

$30,625

Median Lake View Terrace Tax Bill

$4,189

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 View Terrace, Los Angeles County, California

Zip10th Percentile25th PercentileMedian Tax Bill75th Percentile90th Percentile
91342$1,696$2,953$4,189$6,560$7,790

Source: Ownwell

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