Alger-Delta Co-Operative Electric Ass'n v. Bay De Noc Township

Plaintiff, a rural cooperative nonprofit electrical service association, objects to the assessment valuation of its personal property by the State tax commission in 1965. Three acceptable methods of determining “true cash value” are: (1) actual cash value determined by a current or negotiated selling price, (2) adjusted reproduction cost, and (3) capitalization of income. Pantlind Hotel v. State Tax Commission (1966), 3 Mich App 170, affirmed (1968), 380 Mich 390. Both parties agree that the first method is inapplicable to the plaintiff association, as its cooperative nature and low profit…