Michigan Tax Tribunal Rules on Taxpayer’s Superstore Property Valuation in Delta Township

The Michigan Tax Tribunal issued a decision regarding the true cash value of the taxpayer’s superstore for the specified years. After considering the evidence and testimony from both parties’ appraisers on the sales comparison, income, and cost approaches, the Tribunal determined the true cash value of the subject property to be $10,000,000 for both years, rejecting the taxpayer’s claims of functional and external obsolescence. [Mich. Tax Trib., Decision No. 18-002207, 03/06/26]

This story was produced by Bloomberg Tax Automation, and edited by Bloomberg Tax staff.