2024 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)

School District (Debt)

Intermediate School Districts

Intermediate School District (Non-Debt)

Intermediate School District (Debt)

Intermediate School District (Enhancement)

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

Counties, Townships, Cities, Villages, Community Colleges, Local Authorities (updated Aug 2024)

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 2024 Personal Property Taxable Values Reported in Calendar Year 2024 (coming in October 2024)

2013 and 2024 Personal Property Taxable Values of Renaissance Zones (coming in October 2024)

2013, 2014, and 2015 Personal Property Taxable Values Reported in Calendar Year 2015 (coming in October 2024)

2013, 2014, and 2015 Personal Property Taxable Values of Renaissance Zones (coming in October 2024)

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.

2024 TIFA PPT Reimbursement Capture (coming in October 2024)