Michigan Tax Tribunal Modifies Valuation for Taxpayer’s Storage Facility

The Michigan Tax Tribunal modified the true cash value (TCV), state equalized value (SEV), and taxable value (TV) assessments for a self-storage facility in Eastpointe, Michigan, owned by the taxpayer for the relevant tax years. The case involved a dispute over the proper valuation approach and inputs for the newly constructed self-storage facility. After weighing the evidence from appraisals submitted by both parties, the Tribunal found the cost approach provided the most reliable indicator of value, given the lack of comparable sales and limited income data for the new facility. [Mich. Tax Trib., Decision No. 20-003731, 09/30/25]

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