Lake Sherwood, Ventura County, California Property Taxes

Name: Property Tax Bills Across Lake Sherwood, Ventura County, California
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median Lake Sherwood, CA effective property tax rate: 1.10%, significantly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Lake Sherwood, CA home value: $1,457,649
Median annual Lake Sherwood, CA tax bill: $15,740, $13,340 higher than the national median property tax bill of $2,400.

How are property taxes in Ventura County calculated?

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

Last Updated March 1, 2025

Lake Sherwood, Ventura County, California Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.1%

Estimate Property Tax Bill

$16,034

$14,879

Ownwell’s Lake Sherwood Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Lake Sherwood with just two data points. By entering your property's estimated assessed value, our calculator applies Lake Sherwood’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 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 Ventura County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Lake Sherwood, Ventura 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.

Lake Sherwood in Ventura County, California, presents an interesting case in property tax rates. The effective property tax rate here is 1.10%, which is slightly above the national median of 1.02%. This rate reflects the community's commitment to maintaining quality public services, even though it surpasses the national average.

Comparing Lake Sherwood's rate to other cities in California, it aligns with the state's median property tax rate, suggesting a consistent approach to funding public services across the region. While property tax rates in California can vary, Lake Sherwood's rate remains steady, indicating a stable financial strategy within the community.

Understanding these nuances in property tax rates can empower property owners to make informed financial decisions, ensuring they are well-prepared for their tax obligations.

Property Tax Rates Across Lake Sherwood, Ventura County, California

Source: Ownwell

1.03%

1.30%

1.57%

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 Sherwood Tax Rate

1.10%

Median Effective Ventura County Tax Rate

1.13%

Median Effective California Tax Rate

1.21%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Lake Sherwood, Ventura County, California

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
91361	1.03%	1.07%	1.10%	1.13%	1.18%

Source: Ownwell

Property Tax Assessment Values Across Lake Sherwood, Ventura County, California

When examining property taxes in Lake Sherwood, 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 Ventura County Assessor 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. Assessment notices: In Ventura 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 Sherwood. For example, the median home price in Lake Sherwood is $1,457,649, with tax bills ranging significantly across the county. 91361 has the highest median home price at $1,457,649.

Property Tax Assessment Values Across Lake Sherwood, Ventura County, California

Source: Ownwell

$44,664

$819,754

$1,594,844

Median Lake Sherwood Market Value

$1,457,649

Median Ventura County Market Value

$465,193

Median California Market Value

$378,421

Median United States Market Value

$235,294

Property Tax Assessment Values Across Lake Sherwood, Ventura County, California

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
91361	$482,984	$1,012,089	$1,457,649	$2,086,588	$3,022,668

Source: Ownwell

Property Tax Bills Across Lake Sherwood, Ventura County, California

In Lake Sherwood, located in Ventura County, CA, property tax bills are calculated based on the assessed value of a home, which is typically aligned with the market value. The median home price in this area is $1,457,649, significantly higher than the national average. The property tax rate in California is generally around 1%, aligning closely with the national median of 1.02%. However, the tax bill can vary significantly based on property value and any applicable exemptions or assessments. In Lake Sherwood, the tax bill at the 25th percentile is $11,327, while at the 75th percentile, it rises to $20,907, and at the 90th percentile, it can reach $32,037, reflecting the area's high property values. Homeowners in this region can face substantial tax bills, but Ownwell can assist by evaluating and appealing property assessments, potentially reducing the tax burden. By leveraging expertise in property tax laws and local market trends, Ownwell helps ensure homeowners pay a fair and accurate tax bill, maximizing potential savings.

Property Tax Bills Across Lake Sherwood, Ventura County, California

Source: Ownwell

$512

$10,148

$19,783

Median Lake Sherwood Tax Bill

$15,740

Median Ventura County Tax Bill

$5,207

Median California Tax Bill

$4,683

Median United States Tax Bill

$2,400

Property Tax Bills Across Lake Sherwood, Ventura County, California

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
91361	$5,563	$11,327	$15,740	$20,907	$32,037

Source: Ownwell

Don't miss the deadline to appeal!

Dates
Property Valuation Date	January 1
Appeal Deadline	September 15
Tax Bill
Issued	October 1
Due Date #1	December 10
Due Date #2	April 10

Links
Ventura Tax Assessor
Website	assessor.countyofventura.org