Emergency-related state tax relief available for taxpayers located in twelve northern Michigan counties impacted by March 2025 storms.
City, Village, and Township Revenue Sharing (CVTRS) County Incentive Program (CIP)
City, Village, and Township Revenue Sharing (CVTRS) County Incentive Program (CIP)
IMPORTANT:
The Fiscal Year (FY) 2025 appropriation act (2024 Public Act 121, Section 952) included three new statutory revenue sharing payments (Taxable Value, Weighted Population, and Yield Equalization). The three new payments are based on multiple factors, one of which is taxable values.
To ensure accuracy of the FY 2025 Statutory Revenue Sharing 3 Formula payment calculation, Treasury is requesting local units to review the values indicated in the FY 2025 Statutory Revenue Sharing - 2024 Ad Valorem Taxable Values.pdf report. Corrections should be submitted using Form 6167, Correction of 2024 Ad Valorem Taxable Values Used for the FY 2025 Statutory Revenue Sharing 3 Formula Payment Calculations by February 7, 2025.
CVTRS:
For fiscal year (FY) 2025, the Legislature continued the CVTRS program payments. However, the program requirements and payment structure have been modified to provide additional revenue sharing funding to all local units. All local units are eligible for these payments.
CIP:
The CIP Program was eliminated beginning in FY 2025 (see County Revenue Sharing)
3 Formula Payment Calculations
The Fiscal Year (FY) 2025 appropriation act (2024 Public Act 121, Section 952) included three new statutory revenue sharing payments (Taxable Value, Weighted Population, and Yield Equalization).
Ad Valorem Taxable Values: To ensure accuracy of the FY 2025 Statutory Revenue Sharing 3 Formula payment calculations, Treasury is requesting local units to review the values indicated in the FY 2025 Statutory Revenue Sharing - 2024 Ad Valorem Taxable Values report.
If the local unit's 2024 Ad Valorem Taxable Value indicated on FY 2025 Statutory Revenue Sharing - 2024 Ad Valorem Taxable Values is correct, no further action is needed.
If a local unit's 2024 Ad Valorem Taxable Value is incorrect, the local unit should submit a Form 6167, Correction of 2024 Ad Valorem Taxable Values Used for the FY 2025 Statutory Revenue Sharing 3 Formula Payment Calculations to the Michigan Department of Treasury by February 7, 2025. Note: Form 6167 submissions must include substantiating documentation.
Eligible Local Units - All local units are eligible to receive FY 2025 CVTRS payments
Projected Payments - Cities, Villages, and Townships
Projected Payments – Counties
Archive Information
Contact
Revenue Sharing and Grants Division
Phone: 517-335-7484
Fax: 517-335-3298
Email: TreasRevenueSharing@michigan.gov