49304 Property Tax Rate
Baldwin, Michigan · Part of Lake County
Effective Tax Rate
1.19%
45.7% below state avgMedian Annual Tax
$1,318
$110/mo escrow
Estimate Your Tax
Annual Tax
$1,318
Monthly
$110
Eff. Rate
1.19%
Buyer decision brief
What ZIP 49304 means for your housing budget
Use this ZIP page to compare recurring tax burden before you compare listing prices. The numbers below are Census ZCTA estimates, so they are strongest for neighborhood comparison and weakest for parcel-specific tax planning.
Monthly escrow signal
$110/mo
Based on median annual tax paid
State context
0.03 percentage points below the Michigan average
Michigan average: 1.22%
Data confidence
High confidenceThe Census margin of error is $100, about 8% of the median tax estimate.
Verify before you offer
- Confirm parcel assessed value with Lake County assessor.
- Check homestead, senior, veteran, and disability exemptions.
- Ask whether purchase triggers reassessment or value-cap reset.
- Review school district and special assessment boundaries.
Lower-rate similar ZIPs
This is informational content, not tax, legal, or mortgage advice. Local assessor records remain the source of truth for a specific property.
Data confidence ledger
Can you trust ZIP 49304 for comparison?
ACS vintage
2019-2023 ACS 5-Year Estimates
Five-year Census ZCTA estimates.
ZCTA caveat
Census area, not parcel boundary
USPS ZIP routes and taxing districts can differ inside the same area.
Field completeness
3/3 required fields
Median tax, home value, and derived rate are present.
MOE status
Strong ACS confidence
$100 tax MOE, 8% of the median tax estimate.
Last site refresh
March 10, 2026
Dataset and page-quality audit run locally before publication.
County fallback
County context only
Lake County is used for assessor verification and broader context.
Tax bill anatomy
What can change your actual bill in ZIP 49304
Use the ZIP estimate to compare neighborhoods, then verify these parcel-level inputs before relying on a payment estimate.
Assessed value
The ZCTA median home value is $110,700, but your bill starts with the local assessed value for a specific parcel.
Effective rate
The displayed rate is 1.19%, derived from median tax paid divided by median home value.
Exemptions
Homestead, senior, veteran, disability, and local exemptions can reduce taxable value. Confirm eligibility before estimating escrow.
Reassessment
A purchase can change assessed value depending on Michigan and county rules. Ask how sale price affects the next assessment cycle.
Escrow impact
The median tax paid in this ZCTA equals about $110 per month before insurance, HOA dues, or special assessments.
Assessor verification
Lake County assessor or tax collector records are the source of truth for parcel taxes, appeal windows, and exemptions.
How ZIP 49304 Compares
Median Annual Property Tax
ZIP 49304
1.19%
Effective rate
Michigan Avg
1.22%
Effective rate
National Avg
1.10%
Effective rate
State Ranking
Property Tax Rank in Michigan
Higher than 54% of ZIP codes in Michigan(54th percentile, 957 ZIPs compared)
Property Tax Analysis
Property Tax Insights for ZIP 49304
Property owners in ZIP code 49304 (Baldwin, Michigan) pay a median of $1,318/year in property taxes on homes valued at $110,700. This translates to an effective tax rate of 1.19%, which is near the Michigan state average of 1.22%.
The monthly property tax burden for a median-valued home in 49304 is approximately $110, which factors into escrow payments on mortgages. This ZIP code is located within Lake County. This is $1,108 less than the Michigan average of $2,426/year.
Compared to similar ZIP codes in Michigan, 49304 has higher property taxes. ZIP codes with similar effective rates include 48729 (1.19%) and 48386 (1.19%).
In Baldwin, property taxes represent approximately 3.3% of the median household income of $39,567, providing context for the relative tax burden on homeowners in this area.
If you're considering purchasing a home in 49304, keep in mind that property taxes are based on the assessed value assigned by the local assessor, which may differ from the purchase price. In some states, properties are reassessed at or near the sale price upon transfer of ownership. For the most current tax information for a specific property, consult Lake County's tax assessor directly.
Frequently Asked Questions
What is the property tax rate in ZIP code 49304?
How much are property taxes in Baldwin, MI (49304)?
How does ZIP 49304 compare to the Michigan average?
What is the median home value in ZIP 49304?
What county is ZIP code 49304 in?
Margin of Error
The median property tax estimate for this ZIP code has a margin of error of ±$100. ZCTA-level data has wider margins than county-level estimates due to smaller sample sizes.
County-Level Data
ZIP code 49304 is part of Lake County, Michigan. View the full county profile for broader context and more data.
View Lake County on TaxByCounty →Why compare these ZIPs?
Better comparison set for ZIP 49304
Each ZIP highlights a homebuyer tradeoff: lower rate, stronger value context, shared county rules, city boundary changes, or nearby missing data.
49402
Branch, MI
0.26 percentage points lower than ZIP 49304.
Rate
0.93%
Tax
$1,511
Quality
82
49644
Irons, MI
0.25 percentage points lower than ZIP 49304.
Rate
0.95%
Tax
$1,686
Quality
82
49623
Chase, MI
0.22 percentage points lower than ZIP 49304.
Rate
0.97%
Tax
$1,160
Quality
82
49642
Idlewild, MI
0.16 percentage points lower than ZIP 49304.
Rate
1.03%
Tax
$1,129
Quality
71
49757
Mackinac Island, MI
0.28 percentage points lower than ZIP 49304.
Rate
0.91%
Tax
$7,589
Quality
69
49636
Glen Arbor, MI
0.58 percentage points lower than ZIP 49304.
Rate
0.61%
Tax
$4,563
Quality
82
48009
Birmingham, MI
$601,300 higher median home value than ZIP 49304.
Rate
1.40%
Tax
$10,001
Quality
70
49654
Leland, MI
0.76 percentage points lower than ZIP 49304.
Rate
0.43%
Tax
$2,973
Quality
65
Data from U.S. Census Bureau, American Community Survey 2019-2023 5-Year Estimates (ZCTA level). ZIP Code Tabulation Areas (ZCTAs) are Census approximations of USPS ZIP codes.
Estimates are informational only and should not be used as financial or legal advice.