Michigan Court of Appeals Clarifies Role of Deed Restrictions in Property Valuation

Short summary

Michigan Court of Appeals held that deed restrictions must factor into property tax valuations, reversing lower tribunal ruling. The decision clarifies tax assessors cannot ignore such restrictions and may impact retail 'dark stores' valuation disputes. Applies to any deed-restricted property, not just low-income housing.

• •Deed restrictions must be factored into property tax valuations
• •Tax tribunal cannot disregard restrictions even if offsetting benefits exist
• •Decision likely impacts ongoing retail property valuation controversies

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