Baldwin, Lake County, Michigan Property Taxes

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

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

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

0.38%

Estimate Property Tax Bill

$283

$262

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

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.

Property Tax Rates Across Baldwin, Lake County, Michigan

Source: Ownwell

0.32%

0.38%

0.43%

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 Baldwin Tax Rate

0.38%

Median Effective Lake County Tax Rate

0.38%

Median Effective Michigan Tax Rate

1.07%

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	0.26%	0.34%	0.38%	0.44%	0.49%

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

$41,400

$82,050

$122,700

Median Baldwin Market Value

$74,400

Median Lake County Market Value

$80,200

Median Michigan Market Value

$177,800

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	$14,860	$36,400	$74,400	$141,400	$269,800

Source: Ownwell

Property Tax Bills Across Baldwin, Lake County, Michigan

In Baldwin, MI, property tax bills are calculated based on the assessed value of a home, which is determined by the local assessor's office. The assessed value is a percentage of the market value, and the property tax rate is applied to this assessed value. Homeowners in Baldwin face a median property tax bill of $280, which is significantly lower than the national median of $2400. However, tax bills can vary widely, with the 25th percentile at $138 and the 90th percentile reaching $999. Factors influencing these variations include property location, size, and improvements. Lower tax bills can provide relief to homeowners, but higher bills can strain finances. Ownwell assists homeowners by evaluating their property tax assessments and identifying opportunities for appeals or exemptions. By leveraging local expertise and knowledge of tax regulations, Ownwell can help homeowners in Baldwin potentially reduce their tax burdens, ensuring they pay only their fair share and enhancing their financial well-being.

Property Tax Bills Across Baldwin, Lake County, Michigan

Source: Ownwell

$165

$294

$422

Median Baldwin Tax Bill

$280

Median Lake County Tax Bill

$302

Median Michigan Tax Bill

$1,795

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	$60	$138	$280	$541	$999

Source: Ownwell