HomeMy WebLinkAboutBackupTruth in Millage (TRIM) Workbook
RESOLUTION/ORDINANCE
The taxing authority cannot levy a millage until its governing body approves a resolution or ordinance.
The governing body must adopt its tentative or final millage rate before adopting its tentative or final
budget. Adopt the millage first, the budget second.
The adoption of the millage rate and budget resolution or ordinance must be by separate votes.
The tentative and final resolution or ordinance adopting millage rates must include:
• The name of the taxing authority.
• The percentage increase over the rolled -back rate (RBR).
• The calculation of percent change of RBR in line 27, Form DR-420. If the tentative/final millage
is lower than the proposed millage (DR-420), recalculate the percentage change of RBR.
o Calculation: [(tentative/final millage rate i RBR) - 1.00] x 100
• Each millage rate adopted.
• The tentatively adopted millage rate must not exceed the proposed millage rate.
• The final millage rate must not exceed the tentatively adopted millage rate.
• The rolled -back rate.
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�orwar` the resolution/ordinance adopting the`inal millage rate' to the.; property appraiser,,'t;a
°' ``co`llector and.DepartMent of Revenue within three days of adoption.
Include the resolution/ordinance adopting the final millage rate in the Certification of TRIM
Compliance within 30 days of the final budget hearing.
A municipality must adopt its budget by ordinance or resolution unless otherwise specified in its
charter (s. 166.241(2), F.S.).
Florida Department of Revenue
64 Property Tax Oversight