2023 Personal Property Tax (PPT) Reimbursements

The LCSA Act requires Treasury to annually calculate each municipality's millage rate eligible for reimbursement by May 1 (MCL 123.1345(x)(ii), MCL 123.1353(5)(b), MCL 123.1353(5)(c), MCL 123.1353(5)(d)).

School Districts 

School District (Non-Debt) updated August 2023

School District (Debt) updated August 2023

Intermediate School Districts 

Intermediate School District (Non-Debt)

Intermediate School District (Debt)

Intermediate School District (Enhancement)

Counties, Townships, Cities, Villages, Community Colleges, and Authorities

Counties, Townships, Cities, Villages, Community Colleges, Authorities

The LCSA Act requires Treasury to annually post the commercial personal property and industrial personal property taxable values that were used in the reimbursement calculations (MCL 123.1358(5))

2013 and 2023 Personal Property Taxable Values Reported in Calendar Year 2023

2013 and 2023 Personal Property Taxable Values of Renaissance Zones

2013, 2014, and 2015 Personal Property Taxable Values Reported in Calendar Year 2015 (updated October 2023)

2013, 2014 and 2015 Personal Property Taxable Values of Renaissance Zones

The LCSA Act requires Treasury to subtract from a municipality’s PPT reimbursement the portion that has been captured by one or more TIFAs claiming reimbursement due to a decline in captured personal property taxable value related to the municipality’s millages (MCL 123.1354(1)(d), MCL 123.1354(2)(d), MCL 123.1354(2)(f), MCL 123.1354(4)(d), MCL 123.1355(d), MCL 123.1356(d), and MCL 123.1357(4)(b)(iv)). The amount captured by the TIFAs may exceed the amount subtracted from a municipality’s PPT reimbursement if the TIFAs’ decline in captured personal property taxable value exceeds the municipality’s decline in personal property taxable value.

2023 TIFA PPT Reimbursement Capture