How are condos taxed?

Question: How are condominiums taxed?
Answer: A condo is taxed exactly the same as a single family home. Taxes are based on the ‘taxable value’, and multiplied by the millage rate. The taxable value is typically about ½ of the market value of the condo. Sierrafield Condos, being in Byron Center, are taxed at about 30 mills, so a condo with a taxable value of $75,000 will have an annual tax bill of around $2,300. This bill will be split into the summer and winter
bills.