Lake Sherwood, Ventura County, California Property Taxes
Property Taxes in Lake Sherwood, California
Median Lake Sherwood, California effective property tax rate: 1.11%, significantly lower than the national median of 1.02%, and lower than the California state median of 1.21%.
Median Lake Sherwood, California home value: $1,557,979
Median annual Lake Sherwood, California tax bill: $17,170, $14,770 higher than the national median property tax bill of $2,400.
How are property taxes in Ventura calculated?
Property taxes in Lake Sherwood, 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 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 April 13, 2026
Lake Sherwood, Ventura County, California Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.11%
Estimate Property Tax Bill
$17,294
$16,048
How Does the Lake Sherwood Property Tax Calculator Work?
Use this Lake Sherwood property tax calculator to estimate your annual property tax bill. Enter your property's assessed value and our calculator applies Lake Sherwood's median effective tax rate of 1.11% — based on actual property records in Ventura 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 Sherwood'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 Sherwood: rates range from 1.11% in 91361 to 1.11% in 91361, primarily due to differences in school district levies and local assessment districts.
For a more precise estimate, scroll down to explore ZIP code-level tax rate trends across Lake Sherwood.
About Lake Sherwood Property Taxes
About Property Taxes in Lake Sherwood, Ventura, California
Lake Sherwood’s median effective property tax rate of 1.11% is lower than the California state median of 1.21% and higher than the national median of 1.02%. This rate reflects Ventura County’s base levy and local assessments that can vary by area.
Property tax rates are not uniform across Lake Sherwood. Homeowners in ZIP code 91361 carry a median effective rate of 1.11%, while the same ZIP also reflects the city’s lowest rate at 1.11%. Understanding where your home is located can still matter when reviewing your assessed value and annual tax bill.
Lake Sherwood homeowners who believe their assessed value is too high can file a formal appeal with the Ventura County Tax Assessor before the November 30, 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 Sherwood, Ventura 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 Sherwood's effective property tax rate to other cities in California and the median property tax rates in California and the U.S.
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
1.11%
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
1.15%
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 | 1.05% | 1.08% | 1.11% | 1.15% | 1.21% |
Source: Ownwell
Property Tax Assessment Values Across Lake Sherwood, Ventura County, California
When examining property taxes in Lake Sherwood, 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 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.
Assessment notices:
In Ventura County, assessment notices are sent in the spring each year. They'll typically reach your mailbox by the middle of July.
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. For example, the median home price in Lake Sherwood is $1,557,979, with tax bills ranging significantly across the county. 91361 has the highest median home price at $1,557,979.
Property Tax Assessment Values Across Lake Sherwood, Ventura County, California
Source: Ownwell
$46,419
$922,777
$1,799,134
Median Lake Sherwood Market Value
$1,557,979
Median Ventura County Market Value
$506,609
Median California Market Value
$427,605
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 | $519,330 | $1,088,812 | $1,557,979 | $2,251,556 | $3,309,394 |
Source: Ownwell
Property Tax Bills Across Lake Sherwood, Ventura County, California
How are property tax bills calculated in Lake Sherwood?
Property tax bills in Lake Sherwood are based on the assessed value of a home, which is tied to its market value and local tax rates. With a median home price of $1,557,979, homeowners in this Ventura County community often face substantial annual bills. The amount owed is determined by multiplying the assessed value by the applicable property tax rate, then adjusting for any local levies or voter-approved charges.
What factors affect the bill? Home value, neighborhood location, and local taxing authorities all play a role. In Lake Sherwood, the median property tax bill is $17,170, while bills can range from $12,515 at the 25th percentile to $24,034 at the 75th percentile, and reach $34,125 at the 90th percentile. That is far above the national median property tax bill of $2,400 and national median property tax rate of 1.02%.
For homeowners, this means property taxes can be a major ongoing housing cost.
Property Tax Bills Across Lake Sherwood, Ventura County, California
Source: Ownwell
$540
$11,512
$22,484
Median Lake Sherwood Tax Bill
$17,170
Median Ventura County Tax Bill
$5,829
Median California Tax Bill
$5,134
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 | $6,108 | $12,515 | $17,170 | $24,034 | $34,125 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Property Valuation Date | January 1 |
| Appeal Deadline | November 30 |
| Tax Bill | |
| Issued | October 1 |
| Due Date #1 | December 10 |
| Due Date #2 | April 10 |
Links | |
|---|---|
| Ventura Tax Assessor | |
| Website | assessor.countyofventura.org |