Lockwood, Ventura County, California Property Taxes
Median Lockwood, CA effective property tax rate: 1.08%, slightly higher than the national median of 1.02%, but lower than the California state median of 1.21%.
Median Lockwood, CA home value: $244,033
Median annual Lockwood, CA tax bill: $2,492, $92 higher than the national median property tax bill of $2,400.
How are property taxes in Ventura County calculated?
Property taxes in Lockwood, 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 Lockwood’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Lockwood, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Lockwood, Ventura County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.08%
Estimate Property Tax Bill
$2,636
$2,446
Property Tax Rates Across Lockwood, Ventura County, California
Local government entities, such as those in Lockwood, CA, set property tax rates, which can vary significantly within the state. Each year, counties estimate their required budget to provide essential services and divide this by the total value of all taxable property within their jurisdiction. This calculation results in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.
Lockwood's effective property tax rate can be compared to other cities in California, as well as the median property tax rates in the state and across the U.S. California's median property tax rate is slightly above the national median, which stands at 1.02%. This comparison provides valuable insights for property owners in Lockwood and the wider Ventura County area. Understanding these rates allows property owners to make informed decisions about their investments and potential tax liabilities.
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 Lockwood Tax Rate
1.08%
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 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 Lockwood, Ventura County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93932 | 1.05% | 1.07% | 1.08% | 1.09% | 1.14% |
Source: Ownwell
Property Tax Assessment Values Across Lockwood, Ventura County, California
When examining property taxes in Lockwood, 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 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 Ventura County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. 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 Lockwood.
For example, the median home price in Lockwood is $244,033, with tax bills ranging significantly across the county. Zip code 93932 has the highest median home price at $244,033.
Property Tax Assessment Values Across Lockwood, Ventura County, California
Source: Ownwell
$44,664
$819,754
$1,594,844
Median Lockwood Market Value
$244,033
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 Lockwood, Ventura County, California
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93932 | $40,741 | $209,934 | $244,033 | $318,541 | $589,395 |
Source: Ownwell
Property Tax Bills Across Lockwood, Ventura County, California
Median Lockwood Tax Bill
$2,492
Median Ventura County Tax Bill
$5,207
Median California Tax Bill
$4,683
Median United States Tax Bill
$2,400
Property Tax Bills Across Lockwood, Ventura County, California
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 93932 | $269 | $1,785 | $2,492 | $3,422 | $6,082 |
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 |