HomeMy WebLinkAboutCertificationDEPARTMENT
OF REVENUE
City:
TA:
Levy:
FOR DOR USE ONLY
CERTIFICATION OF TAXABLE VALUE
DR-420
R. 06/08
Rule 12DER08-18
Florida Administrative Code
Efedive 06/08
` "ear
2008
County
MIAMI-DADE
Principal Authority '
CITY OF MIAMI
Taxing Authority
DOWNTOWN DEVELOPMENT AUTHORITY
SECTION I: COMPLETED BY PROPERTY APPRAISER
1. Current year taxable value of real property for operating purposes
$ 9,298,644,704 (1)
2. Current year taxable value of personal property for operating purposes
$ 775,381,039 (2)
3. Current year taxable value of centrally assessed property for operating purposes
$ 1,299,744 (3)
4. Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3)
$ 10,075,325,487 (4)
Current year net new taxable value (Add new construction, additions, rehabilitative improvements
5. increasing assessed value by at least 100%, annexations, and tangible personal property value in
excess of 115% of the previous year's value. Subtract deletions.)
$ 399,170,390 (5)
6. Current year adjusted taxable value (Line 4 minus Line 5)
$ 9,676,155,097 (6)
7. Prior year FINAL gross taxable value (From prior year applicable Form DR-403 series)
$ 9,300,384,506 (7)
8. Enter number of tax increment value worksheets (DR-420TIF) attached (If none, enter 0)
0 (8)
—..Does the taxing authority levy a voted debt service millage or a millage voted for 2 years or less
under s. 9(b), Article VII, State Constitution? (If yes, complete and attach form DR-420 VMA, Voted
Millage Addendum .)
Yes • No FA (9)
10 Information for maximum millage calculation: Current year gross taxable value for operating
purposes without the impact of Amendment 1.
$ 10,187,661,545 (10)
SIGN HERE
Property Appraiser Certification
I certify the taxable values shown above are correct to the best of my knowledge.
Signature of Property Appraiser
Date •
July 1, 2008
SECTION II: COMPLETED BY TAXING AUTHORITY
If this portion of the form is not completed in FULL your authority will be denied TRIM certification and possibly lose its millage levy privilege for the tax year. If any
line is inapplicable, enter N/A or -0-.
11. Prior year operating millage levy
$ per S1,000 (11)
.5000
12. Prior year ad valorem proceeds (Line 7 multiplied by Line 11)
$ 4, 650,192.25 {12)
Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a
13.
dedicated increment value (Sum of either Line 6c or Line 7a for all DR-420TIF forms)
$ (13)
_0_
14. Adjusted prior year ad valorem proceeds (Line 12 minus Line 13)
$ (14)
4,650,192.25
15. Dedicated increment value, if any (Sum of either line 6b or Line 7e for all DR-420TIF forms)
$ , II/a (15)
10. ..djusted current year taxable value (Line 6 minus Line 15)
$ 9,676,155,097 (16)
17. Current year rolled -back rate (Line 14 divided by Line 16, multiplied by 1,000)
$ 0.4806 Per $1,000 (17)
CONTINUED ON PAGE 2
DR-420
R. 06/08
Page 2
SECTION II: COMPLETED BY TAXING AUTHORITY - CONTINUED FROM PAGE 1
18. Current year proposed operating millage rate
$
.5000
per $1,000 (18)
Total taxes to be levied at proposed millage rate (Line 18
19" multiplied by Line 4, divided by 1,000)
$ 5,037,662.74
(19)
20. Check TYPE of principal authority (check one)
❑ County
121 Independent
Special District
District
(20)
• Municipality
■ Water Management
21. Check applicable taxing authority (check one)
n/a ❑ Principal Authority
• Dependent
Special District
District Basin
(21)
■ MSTU
■ Water Management
22. Is millage levied in more than one county? (check one)
No
(22)
• Yes V
DEPENDENT SPECIAL DISTRICTS AND MSTUs: STOP HERE - SIGN AND SUBMIT
Enter the total adjusted prior year ad valorem proceeds of the principal authority, all dependent
23. special districts, and MSTUs levying a millage. (The sum of Line 14
from all DR-420 forms)
$ 4,650,192.25
(23)
Current year aggregate rolled -back rate (Line 23
24' divided by Line 16, multiplied by 1,000)
$ 0.4806
per$1,000 (24)
25.Current year aggregate rolled -back taxes (Line 4
multiplied by Line 24, divided by 1,000)
$ 4,842,026.62
(25)
Enter total of all operating ad valorem taxes proposed to be levied by the principal taxing authority,
26. —all dependent districts, and MSTUs, if any. (Total of Line 19
from all DR-420 forms)
$5 , 03 7 , 662.74
(26)
27 Current year proposed aggregate millage rate (Line 26
divided by Line 4, multiplied by 1,000)
$
.5000
per $1,000 (27)
28 Current year proposed rate as a percent change of roiled -back rate (Line 27
divided by Line 24, minus 1, multiplied by 100)
4.0404
% (28`
First public budget hearing
Date
9 / 11 / 2008
Time
5.05 p.m.
Place
The City of Miami
3500 Pan American Way
Miami, Florida 33133
SIGN HERE
Taxing Authority -Certification
I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of Section 200.185 and 200.071 or
200.081, F.S.
Signature of Chief Administrative Officer
Alyce M. Robertson G(
Date
7/25/08
-
Title
Interim Executive Direc or
Physical Address
200 S. Biscayne Blvd. Suite 2929
Miami, Florida 33131
Mailing Address
200 S. Biscayne Blvd. Suite 2929
Miami, Florida 33131
Name of Contact Person
Dania 0.Vergel
City, State, Zip
Miami, Florida 33131
Phone #
305-579-6675
Fax #
305-371-2423
EE INSTRUCTIONS ON PAGE 3
DEPARTMENT
OF REVENUE
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
For municipal governments, counties, and special districts
PROVISIONAL
6/10/08
DR-420 MM-P
N. 06/08
Rule 12DER08-XX
Florida Administrative Code
Effective XX O8
Year
2008
County
Miami -Dade County
Principal Authority
The City of Miami, Florida
Taxing Authority
Dow.town Development Authority
1.
Is your taxing authority a municipality or independent special district that has
levied ad valorem taxes for less than 5 years?
(1)
Yes ❑ No sl
If Yes, STOP HERE. Sign on page 2 and submit. You are not subject to a millage limit in FY2008-09.
2.
Current year gross taxable value from Form DR-420, Line 4
$ 10,075,325,487
(2)
3,
Current year rolled -back rate from Form DR-420, Line 17
$ 0.4806 per $1,000
(3)
Does prior year millage exceed majority -vote rate?
•
4.
Is your taxing authority a municipality or independent special district that had
levied ad valorem taxes for Tess than 5 years in 2007 and was not subject to a
millage limit in FY2007-2008?
(4)
Yes ❑ No II
If yes, go to line 16. If no, continue to tine 5.
5.
In 2007, was your taxing authority part of a group of a principal authority and its
dependent special districts and MSTUs which levied taxes within the majority
vote rate, but had at least one member adopt a higher rate?
(5)
Yes ❑ No /I
If yes, go to line 16. If no, continue to line 6.
6.
Prior year operating millage levy from Form DR-420, Line 11
$ . 5000 per $1,000
(6)
7,
Prior year rolled -back rate from 2007 Form DR-420, Line 15
$ .4396 per $1,000
(7)
8.
Prior year percentage of rolled -back rate allowed to be levied by a majority vote
from 2007 Form DR-420 C, Line 5; Form DR-420 M, Line 6; or
Form DR-420 I, Line 6
97
(8)
g.
Prior year maximum millage with a majority vote
(Line 7 multiplied by the percentage in Line 8)
Example: 5.3927 x 95% = 5.1231)
$ 0.4264 per $1,000
(9)
IF LINE 9 IS EQUAL TO OR GREATER THAN LINE 6, GO TO LINE 16. IF NOT, CONTINUE TO LINE 10
Recalculate rolled -back rate based on prior year majority -vote millage rate
10.
Prior year final gross taxable value from Form DR-420, Line 7
$ 9, 300, 384, 506
(10)
11.
Prior year ad valorem proceeds with majority vote
(multiply Line 9 by Line 10 and divide by 1,000)
$ 3,965,850.06
(11)
12.
Amount, if any, paid or applied in prior year because of an obligation measured
by a dedicated increment value from Form DR-420, Line 13
$ _0_
(12)
13.
Adjusted prior year ad valorem proceeds with majority vote
(Line 11 minus Line 12)
$ 3,965,850.06
(13)
14.
Adjusted current year taxable value from Form DR-420, lane 16
$ 9,675,155,097
(14)
15.
Adjusted current year rolled -back rate
(Line 13 divided by Line 14, multiplied by 1,000)
$ 0.4099 per $1,000
(15)
Calculate maximum millage levy for 2008
16.
Rolled -back rate to be used for maximum millage levy calculation
(Enter Line 15 if calculated, or Line 3 if Line 15 is not calculated)
$ 0.4099 per $1,000
(16)
17,
Adjustment for growth in per capita Florida personal income
1.0415
(17)
18.
Rolled -back rate adjusted for change in per capita Florida personal income
(Line 16 multiplied by Line 17)
$ 0.4269 per $1,000
(18)
19.
Estimated current year gross taxable value for operating purposes without the
impact of Amendment 1 from Form DR-420, Line 10
$ 10,187,661,545
(19)
20.
Current year adjustments to taxable value from Form DR-420
(Line 5, DR-420 plus Line 15, Form DR-420)
$ 399 ,170, 390
(20)
CONTINUED ON PAGE 2
PROVISIONAL
6/10/08
DR-420 MM-P
N. 06/08
Pane 2
21.
Estimated current year adjusted taxable value without Amendment 1 impacts
(Line 19 minus Line 20)
$ 9,788,491,155
21
( )
22.
Adjusted current year taxable value from Form DR-420, Line 16
$ 9,676,155.097
(22)
23.
Percentage adjustment to majority vote rolled -back rate for impact of
Amendment 1 (Line 22 divided by Line 21, multiplied by_100)
99 %
(23)
P4.
Majority vote maximum miliage rate allowed
(Line18 multiplied by the percentage on Line 23. Example: 4.6718 x 93.12% = 4.3504)
0.
$ 4220 Per $1,000
(24)
25.
Two-thirds vote maximum miliage rate allowed (multiply Line 18 by 1.10)
$ 0.4696 per $1,000
(25)
26.
Current year proposed miilage rate: must equal rate entered on
Form DR-420, Line 18
$ 0.5000 per $1,000
(26)
27.
Current year proposed taxes (multiply Line 26 by Line 2, divided by 1,000)
$ 5,037, 662.74
(27)
28.
Minimum vote required to levy proposed miliage: (Check one)
(28)
❑ a. Majority vote of the governing body: Enter miliage rate from Line 24 on Line
❑ b. Two-thirds vote of governing body: Enter miilage rate from Line 26 on Line
® c. Unanimous vote of the governing body or 3/, vote if nine members or more:
29.
29.
Enter miliage rate from Line 26 on Une 29.
• d. Referendum: Enter miliage-rate-from Line 26 on. Line 29.
29.
The selection on Line 28 allows a maximum miliage rate of:
(Enter rate indicated by choice on Line 28)
$
.5000 per $1,000
(29)
30.
--(Line-29
Total taxes levied at the maximum miliage rate:
multiplied by Line 2, dlviried by 1,000)
$
5,037 662.74
(30)
DEPENDENT SPECIAL DISTRICTS AND MSTUs: STOP HERE - SIGN AND SUBMIT
Total Current Year Taxes Levied
31.
Enter the current year proposed taxes of all dependent special districts &
MSTUs levying a miliage
(The sum of all Unes 27 from each district's Form DR-420 MM-P)
$
-0-
(31)
32.
Total current year proposed taxes (Line 27 plus Line 31)
$ 5,037,662.74 r"'2
`
(32)
Total Maximum Taxes
33.
II -- _
Enter the taxes at the maximum millage of all dependent special districts &
MSTUs levying a miilage
$ -0-
(33)
-(The-sum_otali Lines 30 from each district's ForrmDR-420-MM-P)
34.
Total taxes at maximum miliage (Line 30 plus Line 33)
$ 5, 037 , 662.74-
(34)
Total Maximum Versus Total Taxes Levied
35.
Are total current year proposed taxes on Line 32 equal to or less than total
taxes at proposed maximum miliage on Line 34? (Check one)
Yes ii3 No ❑
(35)
Complete and submit this Form DR-420MM-P, Maximum Miltage Levy Calculation -Preliminary Disclosure, to your county
property appraiser with Form DR-420, Certification of Compliance.
SIGN HERE
Taxing Authority Certification
I certify the millages and rates are correct to the best of my knowledge. The millages comply with the provisions of Section
200.185 and 200.071 or 200.081, F.S.
Signature of Chief Administrative Officer
Alyce
Alyce M. Robertson C( •
Date
/ 30 / 08
aht/7-
Title
Interim Executive Director
Physical Address
200 S.Biscayne Blvd. Suite 2929
Mailing Address
200 South Biscayne Blvd. Suite 2929
Name of Contact Person
Dania 0.Vergel
City, State, ZIP
Miami, Florida 33131
Phone #
305-579-6675
F #
i05-3712423
SEE INSTRUCTIONS ON PAGE 3