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To ensure accuracy of FY 2026 Statutory Revenue Sharing payments, the Michigan Department of Treasury (Treasury) is requesting local units to review the 2025 ad valorem taxable values that will be used in the calculation. These values can be found in the FY 2026 Statutory Revenue Sharing (Local Unit) – 2025 Ad Valorem Taxable Values report, available on Treasury’s Statutory Revenue Sharing website. Local units may need to work with their local assessor to verify the taxable values.

FY 2026 Statutory Revenue Sharing (Local Unit) – 2025 Ad Valorem Taxable Values Report: 

The 2025 ad valorem taxable values reflect the real and personal property ad valorem taxable values as of the State Equalization in May 2025 (as reported on Form 4626).

Key Report Notes:

• Taxable values include the taxable value of exempt renaissance zone property, senior and disabled housing, and disabled veterans’ homesteads.
• Taxable values exclude valuation change orders from the July or December Board of Review, Michigan Tax Tribunal, or State Tax Commission.
• Township net taxable values exclude village taxable values for revenue sharing calculation purposes.
• For cities and villages located in more than one county, the taxable values are reported in the corresponding county where the property is located.

If No Errors are Identified:

If the 2025 ad valorem taxable values are correct, no action is needed.

If Errors are Identified:

If the 2025 ad valorem taxable values are incorrect, the local unit should submit Form 6167 – Correction of 2025 Ad Valorem Taxable Values Used for the FY 2026 Statutory Revenue Sharing Payments, along with substantiating documentation, to Treasury by March 31, 2026.

Please direct questions regarding FY 2026 Statutory Revenue Sharing payments to [email protected] or 517-335-7484.

Dave Hodgkins is a legislative associate with the League. He may be reached at [email protected]