HomeMy WebLinkAboutMillage Levy CalculationDE P:ARTME\-T
OF REVENUE
MAXIMUM MELLAGE LEVY CALOULAT[O[
PRELIMINARY DISCLOSURE
For municipal governments, counties, and special districts
DR-420MM-P
R. 5/11
Rule 12DER11-10
Florida Administrative Code
Eff.05/11,
Year: 2011
County: • MIAMI-DADE
Principal Authority :
CITY OF MIAMI
Taxing Authority :
DADE CO DOWNTOWN DEV AUTH
1
Is your taxing authority a municipality or independent special district that has levied ad
valorem taxes for less than 5 years?
Yes
171 No
(1)
IF YES, S STOP HERE, SIGN AND SUBMIT. You are not subject to a millage limitation.
2.
Current year rolled -back rate from Current Year Form DR-420, Line 16
0.4780 per $1,000
(2)
3.
Prior year maximum millage rate with a majority vote from 2010 Form DR-420MM, Line 13
0.6470 per $1,000
(3)
4.
Prior year operating millage rate from Current Year Form DR-420, Line 10
0.5000 per $1,000
(4)
IfLtrre 4' tS egtral o Uf I" er than lie 3 sk!ji t )true 11 I€ less, coIallttue to Line-..
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
$ 9,129,967,625
(5)
6.Prior
year maximum ad valorem proceeds with majority vote
(Line 3 multiplied by Line 5 divided by 1,000)
$ 5,907,089
(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 Line 7)
$ 5,907,089
(8)
9.
Adjusted current year taxable value from Current Year form DR-420 Line 15
$ 9,550,972,365
(9)
10.
Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 7,000)
0.6185 per $1,000
(10)
Calculate maximum millage levy
11.Rolled-back
rate to be used for maximum millage levy calculation
(Enter Line 70 if adjusted or else enter Line 2)
0.6185 per $1,000
(11)
12.
Change in per capita Florida personal income (See Line 72 Instructions)
1.0055
(12)
13.
Majority vote maximum millage rate allowed (Line 71 multiplied by Line 72)
0.6219 per $1,000
(13)
14.
Two-thirds vote maximum millage rate allowed (Multiply Line 73 by 1 70)
0.6841 per $1,000
(14)
15.
Current year proposed millage rate
0.4780 per $1,000
(15)
16.
Minimum vote required to levy proposed millage: (Check one)
(16)
✓ a. 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 1 S on Line 17.
r_ c. 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
(Enter rote indicated bchoice on Line 16)
y
0.6219 per $1,000
(17)
18.
Current year gross taxable value from Current Year Form DR-420, Line 4
$ 10,996,404,695
(18)
Continued on page 2
Taxing Authority :
DADE CO DOWNTOWN DEV AUTH
DR-420MM-P
R.5111
Page 2
19.
Current year adopted taxes (Line 15 multiplied by Line 18, divided by 1,000)
$ 5,256,281
(19)
20.
Total taxes levied at the maximum millage rate (Line 17multiplied by Line 18, divided by
1,000)
$ 6,838,664
(20)
DEPENDENT SPECIAL.DISTRICTS AND MSTUs
Hq!,
STOP
HERE. SIGN AND SUBMIT.
21
Enter the current year adopted taxes of all dependent special districts & MSTUs levying
a millage. (The sum of all Lines 19 from each district's Form DR-420MM)
$
(21)
22.
Total current year adopted taxes (Line 19plus Line21)
$ 5,256,281
(22)
Total Maximum Taxes
23
Enter the taxes at the maximum millage of all dependent special districts & MSTUs
levying a millage (The sum oral) Lines 20 from each district's Form DR-420MM)
$ 0•
(23)
24_
Total taxes at maximum millage rate (Line 20 plus line 23)
$ 6,838,664
(24)
Total Maximum Versus Total Taxes Levied
2S
Are total current year adopted taxes on Line 22 equal to or less than total taxes at the
maximum millage rate on Line 24? (Check one)
ril YES n NO
(25)
S
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.
J
Signature. f Chief Administrative Officer :
Date :
G
t
f
2 /,� o/ i
K
IG,
H
E
Title :
ALYCE M. ROBERTSON, EXECUTIVE DIRECTOR
Contact Name and Contact Title :
CAROLINA LONDONO, MANAGER, ACCOUNTING AND
FINANCE
R
E
Mailing Address :
200 5. BISCAYNE BLVD, STE 2929 .
Physical Address :
200 S. BISCAYNE BLVD., SUITE 2929
City, State, Zip :
MIAMI, FL 33131
Phone Number :
(305)579-6675
Fax Number :
(305)371-2423
:omplete and submit this form DR-420MM-P, Maximum Millage Levy Calculation-PreliminaryDisclosure, to
your property appraiser with the form DR-420, Certification of Taxable Value.
Instructions on page 3