HomeMy WebLinkAboutMillage Levy CalculationDEPARTME 1T-
OF REVENUE:
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
For municipal governments, counties, and special districts
DR-420MM-P
R. 5/12
Rule 12D-16.002
Florida Administrative Code
Provisional
Year: 2012
County: MIAMI-DADE
Principal Authority :
Dade Co. Downtown Dev. Authority
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?
I Yes
X No
(1)
IF YES, STOP' 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
0.4246 per $1,000
(2)
3.
Prior year maximum millage rate with a majority vote from 2011 Form DR-420MM, Line 13
0.6219 per $1,000
(3)
4.
Prior year operating millage rate from Current Year Form DR-420, Line 10
0.4780 per $1,000
(4)
f me 4�is equal to orr greaterrtha»iTIne. , kipi to3Lrne 11 4
le contin� 117 e S
millage rate
Adjust rolled -back rate based on prior year majority -vote maximum
5.
Prior year final gross taxable value from Current Year Form DR-420, Line 7
$ 10,257,867,433
(5)
6.Prior
year maximum ad valorem proceeds with majority vote
(Lipe 3 multiplied by Line 5 divided by 1,000)
$ 6,379,368
(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)
$ 6,379,368
(8)
9.
Adjusted current year taxable value from Current Year form DR-420 Line 15
$ 11,547,708,407
(9)
10.
Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 7,000)
0.5524 per $1,000
(10)
Calculate maximum millage levy
11.
Rolled -back rate to be used for maximum millage levy calculation '
(Enter Line 10ifadjusted or else enter Line 2)
0.5524 per $1,000
(11)
12.
Change in per capita Florida personal income (See Line 12 Instructions)
1.0447
(12)
13.
Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12)
0.5771 per $1,000
(13)
14.
Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10)
0.6348 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)
X
a
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.
77 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.
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.
II The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
nd. 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 rate indicated by choice on Line 16)
0.5771 per $1,000
(17)
18.
Current year gross taxable value from Current Year Form DR-420, Line 4
$ 11,683,065,954
(18)
Continued on page 2
Taxing Authority :
DADE CO DOWNTOWN DEV AUTH
DR-420MM-P
R. 5/12
Page 2
19.
Current year proposed taxes (Line 15 multiplied by Line 18, divided by 1,000)
$ 5,584,506
(19)
20.
Total taxes levied at the maximum millage rate (Line 17 multiplied by Line 18, divided by
1,000)
$ 6,742,297
(20)
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21
Enter the current year proposed taxes of all dependent special districts & MSTUs levying
a millage. (The sum of all Lines 19 from each district's Form DR-420MM)
$ 0
(21)
22.
Total current year proposed taxes (Line 19 plus Line 21)
$ 5,584,506
(22)
Total Maximum Taxes
23.Enter
the taxes at the maximum millage of all dependent special districts & MSTUs
levying a millage (The sum of all Lines 20 from each district's Form DR-420MM)
$ 0
(23)
24.
Total taxes at maximum millage rate (Line 20 plus line 23)
$ 6,742,297
(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
maximum millage rate on Line 24? (Check one)
X YES NO
(25)
S
G
N
H
E
R
E
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.
Signature of Chief Administrative Officer :
Date :
Title :
ALYCE M. ROBERTSON, EXECUTIVE DIRECTOR
Contact Name and Contact Title :
CAROLINA LONDONO, MANAGER, ACCOUNTING AND
FINANCE
Mailing Address :
200 S. 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
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
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
INSTRUCTIONS
General Instructions
Each of the following taxing authorities must complete a
DR-420MM-P.
• County
• Municipality
• Special district dependent to a county or municipality
• County MSTU
• Independent special district, including water
management districts
• Water management district basin
Voting requirements for millages adopted by a two-thirds
or a unanimous vote are based on the full membership of
the governing body, not on the number of members
present at the time of the vote.
This form calculates the maximum tax levy for 2012 allowed
under s. 200.065(5), F.S. Counties and municipalities,
including dependent special districts and MSTUs, which
adopt a tax levy at the final hearing higher than allowed
under s. 200.065, F.S., may be subject to the loss of their
half -cent sales tax distribution.
DR-420MM-P shows the maximum millages and taxes
levied based on your adoption vote. Each taxing authority
must complete, sign, and submit this form to the
Department of Revenue.
Line Instructions
DR-420MM-P
R. 5/12
Page 3
Lines 5-10
Only taxing authorities that levied a 2010 millage rate less
than their maximum majority vote rate must complete
these lines. The adjusted rolled -back rate on Line 10 is the
rate that would have been levied if the maximum vote rate
for 2011 had been adopted. If these lines are completed,
enter the adjusted rate on Line 11.
Line 12
This line is entered by the Department of Revenue. The
same adjustment factor is used statewide by all taxing
authorities. It is based on the change in per capita Florida
personal income (s. 200.001(8)(i), F.S.), which Florida Law
requires the Office of Economic and Demographic
Research to report each year.
Lines 13 and 14
Millage rates are the maximum that could be levied with a
majority or two-thirds vote of the full membership of the
governing body. With a unanimous vote of the full
membership (three -fourths vote of the full membership if
the governing body has nine or more members) or a
referendum, the maximum millage rate that can be levied is
the taxing authority's statutory or constitutional cap.
Line 16
Check the box for the minimum vote necessary at the final
hearing to levy your adopted millage rate.
Line 17
Enter the millage rate indicated by the box checked in Line
16. If the adopted millage rate is equal to or below the
majority vote maximum millage rate, enter the majority
vote maximum. If a two-thirds vote, a unanimous vote, or a
referendum is required, enter the adopted millage rate. For
a millage requiring more than a majority vote, the adopted
millage rate must be entered on Line 17, rather than the
maximum rate, so that the comparisons on Lines 21 through
25 are accurate.
All forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/property/trim/trimmax.html