HomeMy WebLinkAboutMaximum Millage Levy CalculationINDEPENDENT SPECIAL DIS'
MAXIMUM MILLAGE LEVY CALC
PRELIMINARY DISCLOSU
Year 2007-2008
County Miami —Dade
District: Downt
RICT
ULATION
RE
own
Development
DR-420 I-P
N. 07/07
(Name of Taxing Authority)
This form=Is t
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1. Type of Taxing Authority: (Check one)
• Independent special district
❑ Dependent special district or MSTU where the predominant function is to provide a nergency medical or fire rescue services
Name of Principal Authority:
2. Has the Independent Special District levied ad valorem taxes for less than five years?
❑ YES: STOP HERE. Sign below and submit. Independent special district is not su`ject to a limitation on millage in FY 2007-08
• NO: Go to Line 3.
3. Current Year Gross Taxable Value for Operating Purposes from Form DR-420, Line 4
4. Prior Year Operating Millage Levy from Form DR-420, Line 9
5. Current Year Rolled -Back Rate from Form DR-420, Line 15
$ 9,698,419,079 (3)
$ 0.5000
$ 0.4396
per $1,000 (4)
per $1,000 (5)
6. Percentage of rolled -back rate allowed to be levied by a majority vote of the governing bod) ( see i structions) 97 % (6)
7. Current Year Proposed Operating Millage Rate from Form DR-420, Line 16 $ 0. 5lf (l per $1,000 (7)
8. Current Year Proposed Taxes (Multiply Line 7 by Line 3) $ 4,849,209.54 (8)
9. Current Year Proposed Operating Millage Rate to be adopted by: (Check one)
❑ Majority vote of the governing body
Maximum millage rate on Line 10 equal to percentage on Line 6 times the rolled -be rate on Line 5
❑ Two-thirds vote of the governing body
►Maximum millage rate on Line 10 equal to the rolled -back rate on Line 5
ti Unanimous vote of the governing body (or 3/4 vote if governing body has nine or mo e mem .ers)
►Maximum millage rate on Line 10 equal to the prior year's operating millage rate on Line 4
❑ By referendum
►Maximum millage rate on Line 10 as approved by referendum
You must provide a final Form DR-420 1 with the final ordinance and voting record tip the Department of Revenue after the final hearing.
10. The selection on Line 9 allows a maximum operating millage rate of:
11. Is the proposed operating millage rate on Line 7 less than or equal to the maximum operatin
millage rate on Line 10?
® YES: Proposed taxes levied comply with law.
❑ NO: Proposed operating millage levy DOES NOT comply with the requiremen
Complete and submit this preliminary Form DR-420 I-P to the property appraiser. After you have
Department of Revenue a final Form DR-420 I after the final hearing.
I certify the miliages and rates shown are correct to the best of my knowledge and belief.
Sir nature f. • Title of Chief Administrative Officer
Dana A. Nottitj�bam,Executive Director
200
200 South Biscayne Blvd. Suite 2929 Dani
Mailing Address
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$ 0.5000 per$1,000 (10)
pter 2007-321, L.O.F.
adoptep millage rates and budgets, you must give the
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Vergel
Miami, Florida 33131 305-5
Cty
Slate Zip
Name of Contact Person
9-6675 305-371-2423
Phone p Fax p