WASHINGTON, D.C. – June 14, 2013 – (RealEstateRama) — Twenty-nine Michigan counties will receive a total of more than $4.1 million from the Interior Department as part of the Payments in Lieu of Taxes (PILT) program, Sens. Carl Levin and Debbie Stabenow announced today. The federal government provides PILT payments to local governments to offset losses in property taxes due to nontaxable federal lands within their boundaries.
“At a time when local communities across Michigan are hit hard by budget cuts, this support is critical to maintaining infrastructure, public safety and other local services,” Stabenow said. “This will help ensure the continuing partnership between our local communities and our National Forests and other federal lands that contribute so much to our Michigan way of life.”
“Michigan’s National Forests and other federal lands are a huge part of what makes our state special,” Levin said. “These payments allow us to preserve and protect these resources while reducing the financial burden on local communities that do not receive tax revenue from these lands.”
PILT payments are calculated based on a formula that includes the number of acres of federal land within each county and the population of that county. Federal lands include the National Forest and National Park Systems, Bureau of Land Management lands, and areas affected by Army Corps of Engineers and Bureau of Reclamation projects.
PILT payments will go to the following Michigan counties:
County PILT FY 2013 Payment