Private First Class Baxter was a member of Headquarters Company, 1st Battalion, 32nd Infantry Regiment, 7th Infantry Division. He was listed as Missing in Action while fighting the enemy in North Korea on 2 December 1950. He was presumed dead on 31 December 1953. His name is inscribed on the Courts of the Missing at the Honolulu Memorial.

Baxter was awarded the Purple Heart, the Combat Infantryman Badge, the Korean Service Medal, the United Nations Service Medal, the National Defense Service Medal, the Korean Presidential Unit Citation and the Republic of Korea War Service Medal.