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Lake View Terrace, Los Angeles County, California Property Taxes

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Property Taxes in Lake View Terrace, California

  • Median Lake View Terrace, California effective property tax rate: 1.30%, significantly higher than the national median of 1.02%, and higher than the California state median of 1.21%.

  • Median Lake View Terrace, California home value: $340,186

  • Median annual Lake View Terrace, California tax bill: $4,465, $2,065 higher than the national median property tax bill of $2,400.

How are property taxes in Los Angeles calculated?

Property taxes in Lake View Terrace, California 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 April 13, 2026

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

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.3%

Estimate Property Tax Bill

$4,422

$4,104

SAVE WITH OWNWELL

$774

Average Annual Tax Savings

How Does the Lake View Terrace Property Tax Calculator Work?

Use this Lake View Terrace property tax calculator to estimate your annual tax bill. Enter your property's assessed value and our calculator applies Lake View Terrace's median effective tax rate of 1.30% — based on actual property records in Los Angeles County — to generate your estimate.

Enter your property's estimated assessed value — the figure the local appraisal district uses to calculate your bill, which reflects any exemptions you hold and is typically lower than your home's market value. Our calculator applies Lake View Terrace's median effective rate across all local levies, providing a more accurate estimate than applying a single county millage rate.

Your bill may vary by ZIP code within Lake View Terrace: rates range from 1.30% in 91342 to 1.30% in 91342, primarily due to differences in school district levies and local assessment districts.

If your estimate is higher than expected, Ownwell can appeal your Lake View Terrace assessment — you only pay if we save you money.

About Lake View Terrace Property Taxes

About Property Taxes in Lake View Terrace, Los Angeles, California

Lake View Terrace's median effective property tax rate of 1.30% is higher than the California state median of 1.21% and higher than the national median of 1.02%. This rate reflects the Los Angeles County base levy combined with local school district levies that can affect bills across the area.

Property tax rates are not uniform across Lake View Terrace. Homeowners in the 91342 ZIP code carry a median effective rate of 1.30%, while the lowest rate is also 1.30%. This means the spread across the city is 0 percentage points, so location differences within the area do not change the rate here.

Lake View Terrace homeowners who believe their assessed value is too high can file a formal appeal with the Los Angeles County Tax Assessor before the December 1, 2026 deadline each year.

If your estimated bill above seems higher than expected, Ownwell can review your assessment and protest on your behalf. You only pay if we save you money.

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

As noted earlier, local government entities set tax rates, which can vary widely within a state.

Why? 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 View Terrace'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 View Terrace, Los Angeles County, California

Source: Ownwell

1.10%

1.52%

1.95%

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

1.30%

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

1.29%

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
913421.26%1.27%1.30%1.36%1.49%

Source: Ownwell

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

When examining property taxes in Lake View Terrace, California, 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.

Assessment notices:

In Los Angeles County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of October.

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 $340,186, with tax bills ranging significantly across the county. 91342 has the highest median home price at $340,186.

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

Source: Ownwell

$56,016

$1,480,655

$2,905,294

Median Lake View Terrace Market Value

$340,186

Median Los Angeles County Market Value

$457,139

Median California Market Value

$427,605

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$122,732$230,250$340,186$548,492$662,284

Source: Ownwell

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

Property tax bills in Lake View Terrace are based on the assessed value of a home and the local tax rate set by Los Angeles County. When a property’s market value rises, the assessed value can rise too, which can increase the tax bill. For a home priced around $340,186, many homeowners see bills that vary widely depending on location and assessment details.

In Lake View Terrace, the median property tax bill is $4,465, which is above the national median property tax bill of $2,400 and above the national median property tax rate of 1.02%. Bills in the area can range from $3,140 at the 25th percentile to $7,001 at the 75th percentile, with the 90th percentile reaching $8,322. That means homeowners may pay significantly more if their assessment is too high.

Ownwell helps homeowners challenge unfair assessments and pursue exemptions, which can lower property tax bills and reduce long-term costs.

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

Source: Ownwell

$875

$17,017

$33,158

Median Lake View Terrace Tax Bill

$4,465

Median Los Angeles County Tax Bill

$5,993

Median California Tax Bill

$5,134

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$1,798$3,140$4,465$7,001$8,322

Source: Ownwell

Don't miss the deadline to appeal!

Frequently Asked Property Tax Questions in Lake View Terrace, California

How are property taxes calculated in Lake View Terrace, California?
Property taxes in Lake View Terrace, California are calculated by multiplying your property's assessed value by the applicable tax rate set by local taxing authorities. The assessed value is determined by the county assessor and may differ from your property's market value depending on local assessment ratios and exemptions.
How do I appeal my property taxes in Lake View Terrace, California?
To appeal your property taxes in Lake View Terrace, California, you typically need to file a formal protest or appeal with your local appraisal district or assessor's office by the stated deadline. You'll need evidence such as comparable sales, a recent independent appraisal, or documentation of property condition issues. Ownwell can handle this entire process for you.
What property tax exemptions are available in Lake View Terrace, California?
Common property tax exemptions in Lake View Terrace, California include homestead exemptions for primary residences, senior citizen exemptions, veteran exemptions, and disability exemptions. Exemption amounts and eligibility requirements vary by county. Contact your local appraisal district or check Ownwell for details specific to your property.
When are property taxes due in Lake View Terrace, California?
Property tax deadlines in Lake View Terrace, California vary by county but typically include an assessment notice period in spring or early summer, followed by an appeal deadline, and a tax payment due date in the fall or winter. Check with your county assessor's office for specific dates in your area.
How can Ownwell help reduce my property taxes in Lake View Terrace, California?
Ownwell provides professional property tax appeal services in Lake View Terrace, California. Our team analyzes your assessment, gathers evidence, files all paperwork, and represents you at hearings — all with no upfront cost. You only pay a percentage of your savings if we successfully lower your tax bill.