Baldwin, Lake County, Michigan Property Taxes
Median Baldwin, MI effective property tax rate: 0.38%, significantly lower than the national median of 1.02%, but lower than the Michigan state median of 1.07%.
Median Baldwin, MI home value: $74,400
Median annual Baldwin, MI tax bill: $280, $2,120 lower than the national median property tax bill of $2,400.
How are property taxes in Lake County calculated?
Property taxes in Baldwin, MI 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 Baldwin’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Baldwin, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Baldwin, Lake County, Michigan Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
1.05%
Estimate Property Tax Bill
$1,058
$982
Property Tax Rates Across Baldwin, Lake County, Michigan
Local government entities set tax rates, which can vary widely within a state. 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.
Baldwin in Lake County, Michigan, offers a unique perspective on property tax rates. The effective property tax rate here stands significantly lower than both the state and national medians. With Michigan's median property tax rate being higher than Baldwin's, it's evident that residents in Baldwin benefit from a more favorable tax environment. Compared to the national median property tax rate of 1.02%, Baldwin's rate is notably lower, offering potential savings for property owners. This lower tax rate can make Baldwin an attractive option for property buyers seeking affordability in property taxes.
By understanding the property tax rate landscape in Baldwin, property owners can make informed decisions and potentially save on their annual tax bills.
Our median effective property tax rate (tax bill Ă· 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 Baldwin Tax Rate
1.05%
Our median effective property tax rate (tax bill Ă· 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 County Tax Rate
0.99%
Median Effective Michigan Tax Rate
1.05%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Baldwin, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49304 | 0.60% | 0.75% | 1.05% | 1.24% | 1.46% |
Source: Ownwell
Property Tax Assessment Values Across Baldwin, Lake County, Michigan
When examining property taxes in Baldwin, MI, 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 Lake 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 Lake 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 Baldwin.
For example, the median home price in Baldwin is $74,400, with tax bills ranging significantly across the county. Zip code 49304 has the highest median home price at $74,400.
Property Tax Assessment Values Across Baldwin, Lake County, Michigan
Source: Ownwell
$67,600
$115,900
$164,200
Median Baldwin Market Value
$100,800
Median Lake County Market Value
$112,000
Median Michigan Market Value
$213,740
Median United States Market Value
$235,294
Property Tax Assessment Values Across Baldwin, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49304 | $20,600 | $49,200 | $100,800 | $191,200 | $356,720 |
Source: Ownwell
Property Tax Bills Across Baldwin, Lake County, Michigan
Median Baldwin Tax Bill
$928
Median Lake County Tax Bill
$1,026
Median Michigan Tax Bill
$2,084
Median United States Tax Bill
$2,400
Property Tax Bills Across Baldwin, Lake County, Michigan
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 49304 | $209 | $483 | $928 | $1,795 | $3,373 |
Source: Ownwell
Don't miss the deadline to appeal!
Dates | |
|---|---|
| Appeal Deadline | March 9 |
Links | |
|---|---|
| Lake Tax Assessor | |
| Website | bsaonline.com |