HomeMy WebLinkAboutMAXIMUM MILLAGE LEVY CALCULATIONMAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
mlMCFor municipal governments, counties, and special districts
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DR-420MM-P
R. 6/10
Rule 12D-16.002
Florida Administrative Code
Year
2010
County
Miami -Dade
Principal Authority
City of Miami
Taxing Authority
Downtown Development Authority
1'
Is your taxing authority a municipality or independent special district that has levied ad
valorem taxes for less than 5 years?
❑ Yes �/ No
(1)
IF YES, yx STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation.
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2.
Current year rolled -back rate from Current Year Form DR -420, Line 16
.5520 per $1,000
(2)
3.
Prior year maximum millage rate with a majority vote from 2009 Form DR-420MM, Line 13
.5973 per $1,000
(3)
4.
Prior year operating millage rate from Current Year Form DR -420, Line 10
.5000 per $1,000
(4)
If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, continue to Line 5.
Adjust rolled -back rate based on prior year majority -vote maximum millage rate
5.
Prior year final gross taxable value from Current Year Form DR -420, Line 7
$ 10,427,399,289
(5)
6
Prior year maximum ad valorem proceeds with majority vote
(Line 3 multiplied by Line 5 divided by 1,000)
$ 6,228,286
(6)
7
Amount, if any, paid or applied in prior year as a consequence of an obligation measured
by a dedicated increment value from Current Year Form DR -420 Line 12
$ 0
(7)
8.
Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus tine 7)
$ 6,228,286
(8)
9.
Adjusted current year taxable value from Current Year form DR -420 Line 15
$ 9,444,604,050
(9)
1-10.
Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 1,000)
.6595 per $1,000(10)
(15)
Calculate maximum millage levy
11
Rolled -back rate to be used for maximum millage levy calculation
.6595 per $1,000
(11)
(Enter Line 10 if adjusted or else enter Line 2)
12.
Change in per capita Florida personal income (See Line 72 Instructions)
.9811
(12)
13.
Majority vote maximum millage rate allowed (Line 11 multiplied byline 12)
.6470 per $1,000
(13)
14.
Two-thirds vote -maximum millage rate allowed (Multiply Line 73 by 1.10)
- -.7117 - - - per $1;000
-(14)
15.
Current year proposed millage rate
.5000 per $1,000
(15)
16.
1 Minimum vote required to levy proposed millage: (Check one)
(16)
aa. Majority vote of the governing body: Check here, if Line 15 is less than or equal to Line 13. The maximum millage rate is
equal to the majority vote maximum rate. Enter Line 13 on line 17.
❑b. Two-thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The
maximum millage rate is equal to proposed rate. Enter Line 15 on Line 17.
Elc. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14.
The maximum millage rate is equal to the proposed rate. Enter Line_ 15 on Line 17.
d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
17
The selection on Line 16 allows a maximum millage rate of
.6470 per $1,000
(17)
(Enter rate indicated by choice on Line 16)
18.
Current year gross taxable value from Current Year Form DR -420, Line 4
$ 9,806,624,731
(18)
Continued on page 2
DR-420MM-P
R.6/10
Page 2
19.
Current year proposed taxes (Line. 75 multiplied by Line 78, divided by 1,000)
$ 4,903,312
Q1)
20
Total taxes levied at the maximum millage rate (Line 17 multiplied by Line 18, divided by
$ 6,344,886
1(20')
22.
1,000)
$ 4,903,312
(22)
DEPENDENT SPECIAL DISTRICTS AND MSTUs STOP HERE. SIGN AND SUBMIT.
t0
21.
Enter the current year proposed taxes of all dependent special districts & MSTUs levying a
$ 0
Q1)
millage (The sum of al! Lines 79 from each district's Form DN -420 MM -P,1
22.
Total current year proposed taxes (Line 79 plus Line 21)
$ 4,903,312
(22)
Total Maximum Taxes
23.
Enter the taxes at the maximum millage of all dependent special districts & MSTUs levying
$
a millage (the surn of all Lines 2.0 from each district's Form DR -420 MM -P)
0
(23)
24.
Total taxes at maximum millage rate (Line 20 plus line 23)
$ 6,344,886
(24)
Total Maximum Versus Total Taxes Levied
25
Are total current year proposed taxes on Line 22 equal to or less than total taxes at the
YesNo
❑
(25)
maximum millage rate on Line 24? (Check one)
Taxing Authority Certification
I certify the millages and rates are correct to the best of my knowledge. The millages comply
with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. 200.081, F.S.
Sign atur of Chief Administrative O 'cer
Date
7/26/2010
W
LU
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Title
Contact Name
Z
Alyce M. R ertson, Executive Director
Carolina Londono
Z
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Mailing Address
Physical Address
200 South Biscayne Blvd. Suite 2929
(same)
City, State, Zip
Phone Number
Fax Number
Miami, FL 33133
305-579-6675
305-371-2423
Complete and submit this Form DR-420MM-P, Maximum Millage Levy Calculation -
Preliminary Disclosure, to your property appraiser with the Form DR -420,
Certification of Taxable Value.
Instructions on page 3