Statutory Revenue Sharing

Statutory Revenue Sharing

Ad Valorem Taxable Values: To ensure accuracy of the Statutory Revenue Sharing payments, Treasury is requesting local units to review the Ad Valorem Taxable Values indicated in the FY 2026 Statutory Revenue Sharing - 2025 Ad Valorem Taxable Values report. Local units may need to work with their local assessor to verify the taxable values.

If the local unit's 2025 Ad Valorem Taxable Value indicated on FY 2026 Statutory Revenue Sharing - 2025 Ad Valorem Taxable Values report is correct, no further action is needed.

If a local unit's 2025 Ad Valorem Taxable Value is incorrect, the local unit should submit a Form 6167, Correction of 2025 Ad Valorem Taxable Values Used for the FY 2026 Statutory Revenue Sharing 3 Formula Payment Calculations to the Michigan Department of Treasury by TBD. Note: Form 6167 submissions must include substantiating documentation.