The bi-plane, which was identified as a Fokker DVIIR, was engaged in a speed test on a taxiway when it flipped over at around 12:40 p.m., FAA spokesman Ian Gregor said.
The pilot was the only person on board and was not injured.
Gregor says the airplane was not intended for flight and was heavily damaged.
A small fuel leak was reported and cleaned up by airport responders.
The sheriff's department will contact the NTSB, who will then decide if the incident needs to be further investigated.
(Bay City News contributed to this story.)