Property Owner Convinced Tribunal that Sales Comparisons Were Not Reliable
In Turvey v. Township of Manchester, Michigan Court of Appeals, No. 303578, April 10, 2012, the Michigan Tax Tribunal found that a township properly assessed a taxpayer's real property for the 2009 and 2010 local property tax years because the property's record card indicated that the township's cost less depreciation calculations were correct. The Tribunal made an independent determination and found that there were no errors in the township's cost less depreciation calculations and no sales data to the contrary. Although the Tribunal agreed with the taxpayer that the township's sales comparison analysis was unreliable, the tribunal found that this did not affect the ultimate determination of the property's true cash value because the cost less depreciation approach still supported the township's assessment of the property's true cash value.