Res No 146-12-13703RESOLUTION NUMBER: 146 -12 -13703
A Resolution of the City of South Miami, Florida, relating to
the City's 2012 /2013 fiscal year budget; advising the Miami -
Dade County Property Appraiser of its proposed millage rate
of 43728 mills, its rolled -back rate of 4.3639 mills and
announcing the dates of public hearing to consider the
proposed millage rate and tentative budget.
WHEREAS, Florida Statute 200.065 requires that within 35 days of Certificate
of Value each taxing authority shall advise the property appraiser of its proposed
millage rate, if its rolled -back rate computed pursuant to sub - section and of the date,
time and place when a public hearing will be held to consider the proposed millage
rate and tentative budget; and
WHEREAS, the Certification of Value was made on July I, 2012; and
WHEREAS, the City's Administration computed the proposed millage rate
and the rolled -back rate; and
WHEREAS, the Mayor and City Commission wish to comply with the
aforesaid Statute.
NOW,
THEREFORE,
BE
IT RESOLVED BY THE MAYOR AND CITY
COMMISSION
OF THE CITY
OF
SOUTH MIAMI, FLORIDA THAT:
Section I. The City Administration shall advise the property appraiser that
the proposed millage rate of the City of South Miami, Florida for the 2012/2013 fiscal
year budget is 4.5728 mills and that the rolled -back rate computed pursuant to sub-
section (1) of Florida Statute 200.065 is 4.3639 mills.
Section 2. The date, time, and place of the public hearings shall be held to
consider the proposed millage rate are as follows:
I. First Budget
Hearing- September 11,
2012
at 7:30 p.m., in the City Commission
Chambers,
6130
Sunset
Sunset
Drive, South
Miami,
Miami,
Florida.
Florida.
2. Second Budget Hearing -,
September
25, 2012
at 7:30 p.m., in the City Commission
Chambers,
6130
Sunset
Drive, South
Miami,
Florida.
PASSED AND ADOPTED this 24th day of '7„. 2 012 .
CITY CLERK
Page I of 2
Res. No. 146 -12 -13703
RM:
Page 2 of 2
Commission Vote: 5 -0
Mayor Stoddard: Yea
Vice Mayor Lieberman: Yea
Commissioner Harris: Yea
Commissioner Newman: Yea
Commissioner Welsh: Yea
CITY OF SOUTH MIAMI
OFFICE OF THE CITY MANAGER
INTER- OFFICE MEMORANDUM
To. The Honorable Mayor & Members of the City Commission
From: Hector Mirabile, Ph.D., City Manager j
Copy: Alfredo Riverol, CPA, Cr.FA, Chief Financial Officer
Date: J ul Y , Agenda 24 2012 Item: )3
Subject: Tentative Millage Rate for FY 2012 -2013
Request: A Resolution of the City of South Miami, Florida,
relating, to the City's 2012/2013 fiscal year budget;
advising the Miami -Dade County Property Appraiser of
its proposed millage rate of 43728 mills; its rolled -back
rate of 4.3639 mills and announcing the dates of public
hearing to consider the proposed millage rate and
tentative budget.
BACKGROUND & ANALYSIS
The procedures and timetables for taxation and the establishn
governed by a series of rules of the State of Florida. These rules
to as TRIM (Truth -in- Millage). This resolution deals with the
maximum millage rate, rollback millage rate, and scheduling
hearings in accordance with TRIM.
MAXIMUM MILLAGE RATE
South Miami
All•AmericaChy
1' 10F
2001
lent of the Budget is
are generally referred
establishment of the
formal budget public
A primary source of revenue for municipal government is the property ad valorem tax,
which is representative of the property taxes applied to commercial and residential real
property and commercial personal property. The rate at which property is taxed is
referred to as the millage rate. The amount of taxes paid by a property owner is
determined by multiplying the millage rate times each $1,000.00 of assessed property
value.
Local jurisdictions are required, at the beginning of the budget process, to establish a
maximum millage rate. This rate will be advertised by the City and also delivered to the
Miami -Dade Property Appraiser. The rate can be decreased by the Commission during
the budget process, but it cannot be increased except under extraordinary
circumstances. The proposed millage rate being put forth at this time is 4.5728 mills,
which represents a 2% reduction of the City's existing 4.6662 millage rate and
approximately 4.57% increase over the rolled -back rate of 4.3639.
Page I of 3
The Miami -Dade County Property Appraiser certified the Taxable Value within the City
of South Miami at $1,426,836,326. This valuation represents a .92% increase from the
FY 2011-12 level of $1,413,775,283. Below please find a detail breakdown of the City's
new taxable value.
Tax Assessed Value Breakdown for the City of South Miami:
Residential - Single -unit residential properties (single
family, condos, townhouses, NOT multi family such
as duplexes, apartments, etc):
Commercial - Including multi family and
government/institutional.
Personal Property:
CITY TOTAL TAXABLE VALUE:
$660,566,035
$701,447,869
$64,822,422
$19426,836,326
This increase is attributable to signs of the economy possibly stabilizing. The City
experienced an assessed real property value increase of $13,061,043 or 0.92 %. Personal
property assessed values decreased by $1,986,289 or 2.98 %. New Construction
decreased by $2,468,601 or 65.19 %. Thus, the City recommends a proposed millage
rate of 4.5728 mills. This millage rate will allow the City to continue with regular
necessary operations and on -going projects. The Commission will be able to re-
consider the rate during the FY 12 budget hearings in September of 2012.
Rolled -back Millage Rate
Cities are also required to calculate what is known as the "Rolled -back Millage Rate."
This is the calculated tax rate at which the City would receive the same ad valorem
revenue as in the previous year, excluding current year new taxable values (New
Construction, additions, etc.). The 2012 adjusted taxable value increased from the prior
year's final gross taxable value by $90,317,607 or 6.33 %; hence, the rolled -back millage
rate for the City of South Miami is 4.3639. This rolled -back rate represents a 6%
decrease in our current millage rate of 4.6662.
A significant impact to the rolled -back rate is due to the increase in the 2012 property
assessed values from 201 I's FINAL assessed property value which was a 5% reduction
by the Value Adjustment Board (VAB) plus a 1% increase in the 2012's assessed
property value when compared to the 201 I's preliminary taxable value.
7 -1 -2012 Preliminary Taxable Value
7-1-2011 Preliminary Taxable Value
2011 FINAL Gross Table Value
1,4269836,326
I ,4 1 3,775,283
1,336519,719
Prior Year Millage Rate 4.6662
Current Rolled -Back Rate 4.3639
I%
-5%
6%
-6%
Page 2 of 3
Budget Hearing Schedule
The City is required to hold two formal Budget Public Hearings. There are guidelines on
when these hearings must be held. Additionally, a local municipality cannot hold a
budget hearing on the same date as either the County or the School Board budget
hearings. There are also special advertising requirements for these hearings.
With the aforementioned constraints it is recommended that the following schedule be
established.
First Budget Hearing Tuesday September 11, 2012 City of South Miami City Hall
7:30 PM Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
Second Budget Hearing Tuesday, September 25, 2012 City of South Miami City Hall
7:30 PM Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
Additionally, it is recommended that the Budget Workshop be scheduled as follows:
Budget Workshop Thursday, August 23, 2012
9:00 AM
City of South Miami City Hall
Commission Chambers
6130 Sunset Drive
South Miami, FL 33143
Page 3 of 3
MILLAGE CALCULATION
AREAL PROPERTY TAXABLE VALUE
(PERSONAL PROPERTY TAXABLE VALUE
TOTAL TAXABLE VALUE (REAL AND
1,6219814,751 1 1,455,866,814 I 1,350,916,363 1;347,023,9691 1,362,0131
69,136,699 1 $78,411,1321 719711,878 1 66,751,314
1 *11
PERSONAL PROPERTY) 1,690,951,450 1534,277,946 1,422,628,241 1,413,775,283 1,426,836,326 0.92%
AD VALOREM REVENUE 8,926,533 7,598,665 7,045,709 6,596,958 6,524,637
LO
95% OF TAXABLE VALUE (TO ALW
FOR DELETIONS & DELINQUENCIES) 8,480,206 712182732 61693,423 6,267,1 10 61198,405
DEDICATED TAX INCREMENT AMOUNT
ADOPTED
ADOPTEDI
ADOPTED.
PROPOSED
PROPOSED
-236
ACCOUNT CLASSIFICATION
MILEAGE.';
MILEAGE
MILEAGE
MILEAGE
MILEAGE
D1FF ,
2008 -2009s
2009- 2010
2010- 2011
201 I -2012
3012- 2.0.13
MILLAGE
RATE
5,2790
4,9526
4,9526
4.6662
4,5728
- 0.0934
AREAL PROPERTY TAXABLE VALUE
(PERSONAL PROPERTY TAXABLE VALUE
TOTAL TAXABLE VALUE (REAL AND
1,6219814,751 1 1,455,866,814 I 1,350,916,363 1;347,023,9691 1,362,0131
69,136,699 1 $78,411,1321 719711,878 1 66,751,314
1 *11
PERSONAL PROPERTY) 1,690,951,450 1534,277,946 1,422,628,241 1,413,775,283 1,426,836,326 0.92%
AD VALOREM REVENUE 8,926,533 7,598,665 7,045,709 6,596,958 6,524,637
LO
95% OF TAXABLE VALUE (TO ALW
FOR DELETIONS & DELINQUENCIES) 8,480,206 712182732 61693,423 6,267,1 10 61198,405
DEDICATED TAX INCREMENT AMOUNT
497,299
- 642,946
- 632,375
- 572,023
- 571,7871
-236
AD VALOREM BUDGET ESTIMATE
7,682,907
6,575,785
6,061;948
16 5,695;087
5;626,618
48,46.9
CRA BUDGET REVENUE CALCULATION
ADOPTED
MILLAGE
2008 -2009
302,064,538
50%
151,032,269
5,2790
ADOPTED
MILLAGE
2009 -2010
259,639,932
50%
29,819,966
4,9526
ADOPTED
MILLAGE FY
2010 -2011
255,370,836
50%
1271685,418
4,9526
ADOPTED
MILLAGEFY
201 1 -2012
245,177,215
50%
122,5889608
4,6662
ADOPTED
MILLAGEFY
2012 -2013
250,081,773
50%
125,040,887
4,5728
arr
CERTIFICATION OF TAXABLE VALUE
DR-420
R. 5/12
Rule 12D- 16.002
Florida Administrative Code
Provisional
Year: 2012
County: MIAMI -DADE
Principal Authority:
CITY OF SOUTH MIAMI
Taxing Authority:
CITY OF SOUTH MIAMI
SECTION l : COMPLETED BY PROPERTY APPRAISER
1.
Current year taxable value of real property for operating purposes
$ 1,362,013,904
(1)
2.
Current year taxable value of personal property for operating purposes
$ 64,822,422
(2)
3.
Current year taxable value of centrally assessed property for operating purposes
$ 0
(3)
4.
Current year gross taxable value for operating purposes (Line 1 plus Line 2 plus Line 3)
$ 11426,836,326
(4)
5.
Current year net new taxable value (Add new construction, additions, rehabilitative
improvements increasing assessed value by at least 100 %, annexations, and tangible
personal property value over 115% of the previous year's value. Subtract deletions.)
$ 3,786,943
(5)
6.
Current year adjusted taxable value (Line 4 minus Line 5)
$ 1,423,049,383
(6)
7.
Prior year FINAL gross taxable value from prior year applicable Form DR -403 series
$ 1,336,518,719
(7)
8'
Does the taxing authority include tax increment financing areas? If yes, enter number
lof worksheets (DR- 420TIF) attached. If none, enter 0
0 YES
❑ NO
Number
1
(8)
9.
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, enter the number of
DR- 420DEBT, Certification of Voted Debt Millage forms attached. If none, enter 0
YES
0 NO
Number
0
(9)
Property Appraiser Certification
I certify the taxable values above are correct to the best of my knowledge.
SIGN
HERE
Signature of Property Appraiser :
Electronically Certified by Property Appraiser on 6/29/2012 2:03 PM
Date
SECTION 11 : COMPLETED BY TAXING AUTHORITY
If this portion of the form is not completed in FULL your taxing authority will be denied TRIM certification and
possibly lose its millage levy privilege for the tax year. If any line is not applicable, enter -0 -.
10.
Prior year operating millage levy (lf prior year millage was adjusted then use adjusted
millage from Form DR -422)
4.6662 per $1,000
(10)
11.
Prior year ad valorem proceeds (Line 7 multiplied by Line 10, divided by 1,000)
$ 6,236,464
01)
12
Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a
dedicated increment value (Sum of either Lines 6c or Line 7a for all DR- 420TIFforms)
$ 572,023
(12)
13.
Adjusted prior year ad valorem proceeds (Line 11 minus Line 12)
$ 5,664,441
(13)
14.
Dedicated increment value, if any (Sum of either Line 6b or Line 7e for all DR- 420TIFforms)
$ 125,040,887
(14)
15.
Adjusted current year taxable value (Line 6 minus Line 14)
$ 1,298,008,496
(15)
16.
Current year rolled -back rate (Line 13 divided by Line 15, multiplied by 1,000)
4.3639 per $1000
(16)
17.
Current year proposed operating millage rate
4,5728 per $1000
(17)
18
Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided
by 1,000)
$ 6,524,637
(18)
Continued on page 2
DR -420
R. 5/12
Page 2
Instructions on page 3
❑ County ❑ Independent Special District
19.
TYPE of principal authority (check one)
(19)
X Municipality ❑ Water Management District
Applicable taxing authority (check one) M Principal Authority ❑ Dependent Special District
20
(20)
❑ MSTU Water Management District
21.
Is millage levied in more than one county? (check one) ❑ Yes FXJ No
(21)
DEPENDENT SPECIAL DISTRICTS AND MSTUs
STOP
HERE SIGN ANA SUBMIT
I ,
22.
Enter the total adjusted prior year ad valorem
proceeds of the principal authority, all
dependent special districts, and MSTUs levying a millage. (The sum of Line 13 from all DR -420
$ 5,664,441
(22)
forms)
23•
Current year aggregate rolled -back rate (Line 22 divided by Line 15, multiplied by 1,000)
4.3639 per $1,000
(23)
24.
Current year aggregate rolled -back taxes (Line 4 multiplied by Line 23, divided by 1,000)
$ 61226,571
(24)
Enter total of all operating ad valorem taxes proposed to be levied by the principal
25.
taxing authority, all dependent districts, and MSTUs, if any. (The sum of Line 18 from all
$ 6,524,637
(25)
DR -420 forms)
26W
Current year proposed aggregate millage rate (Line 25 divided by Line 4, multiplied
$1,000
(26)
by 1,000)
4,5728 per
27
Current year proposed rate as a percent change of rolled -back rate (Line 26 divided by
(27)
Line 23, minus 1, multiplied by 100)
4.79%
First public
Date:
Time:
Place:
budget hearing
6130 Sunset Drive, South Miami, FL 33143
9/11/2012
7:30 PM
I certify the millages and rates are correct to the best of my knowledge.
Taxing Authority Certification
The millages comply with the provisions of s. 200.065 and the provisions of
either s. 200.071 or s. 200.081, F.S.
5
'
Signature of Chief Administrative Officer :
Date
G
N
Title :
Contact Name and Contact Title:
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
H
HECTOR MIRABILE, CITY MANAGER
E
Mailing Address:
Physical Address:
R
6130 SUNSET DR
6130 SUNSET DRIVE
E
City, State, Zip:
Phone Number:
Fax Number
SOUTH MIAMI, FL 33143
305 - 663 -6343
305 - 663 -6346
Instructions on page 3
CERTIFICATION OF TAXABLE VALUE
INSTRUCTIONS
"Principal Authority" is a county, municipality, or independent special district (including water management districts).
"Taxing Authority" is the entity levying the millage. This includes the principal authority, any special district dependent to the
principal authority, any county municipal service taxing unit (MSTU), and water management district basins.
Each taxing authority must submit to their property appraiser a DR -420 and the following forms, as applicable:
DR- 420TIF, Tax Increment Adjustment Worksheet
DR- 420DEBT, Certification of Voted Debt Millage
DR- 420MM -P, Maximum Millage Levy Calculation - Preliminary Disclosure
Section I: Property Appraiser
Use this DR -420 form for all taxing authorities except school
districts. Complete Section I, Lines 1 through 9, for each county,
municipality, independent special district, dependent special
district, MSTU, and multicounty taxing authority. Enter only
taxable values that apply to the taxing authority indicated. Use a
separate form for the principal authority and each dependent
district, MSTU and water management district basin.
Line 8
Complete a DR- 420TIF for each taxing authority making
payments to a redevelopment trust fund under Section 163.387
(2)(a), Florida Statutes or by an ordinance, resolution or
agreement to fund a project or to finance essential infrastructure.
Check "Yes" if the taxing authority makes payments to a
redevelopment trust fund. Enter the number of DR- 420TIF forms
attached for the taxing authority on Line 8. Enter 0 if none.
Line 9
Complete a DR- 420DEBT for each taxing authority levying either
a voted debt service millage (s.12, Article VII, State Constitution)
or a levy voted for two years or less (s. 9(b), Article VII, State
Constitution).
Check "Yes" if the taxing authority levies either a voted debt
service millage or a levy voted for 2 years or less (s. 9(b), Article
VII, State Constitution). These levies do not include levies
approved by a voter referendum not required by the State
Constitution. Complete and attach DR- 420DEBT. Do not
complete a separate DR -420 for these levies.
Send a copy to each taxing authority and keep a copy. When the
taxing authority returns the DR -420 and the accompanying forms,
immediately send the original to:
Florida Department of Revenue
Property Tax Oversight - TRIM Section
P.O. Box 3000
Tallahassee, Florida 32315 -3000
Section II: Taxing Authority
DR -420
R. 5/12
Page 3
Complete Section II. Keep one copy, return the original and
one copy to your property appraiser with the applicable
DR- 420TIF, DR- 420DEBT, and DR- 420MM -P within 35 days
of certification. Send one copy to the tax collector. "Dependent
special district" (ss. 200.001(8)(d) and 189.403(2), F.S.)
means a special district that meets at least one of the
following criteria:
• The membership of its governing body is identical to that of
the governing body of a single county or a single
municipality.
• All members of its governing body are appointed by the
governing body of a single county or a single
municipality.
• During their unexpired terms, members of the special
district's governing body are subject to removal at will by
the governing body of a single county or a single
municipality.
• The district has a budget that requires approval through an
affirmative vote or can be vetoed by the governing body
of a single county or a single municipality.
"Independent special district" (ss. 200.001
(3), F.S.) means a special district that
special district as defined above. A district
than one county is an independent special
district lies wholly within the boundaries of
municipality.
;8)(e) and 189.403
is not a dependent
that includes more
district unless the
a single
"Non -voted millage" is any millage not defined as a "voted
millage" in s. 200.001(8)(f), F.S.
Lines 12 and 14
Adjust the calculation of the rolled -back rate for tax increment
values and payment amounts. See the instructions for
DR- 420TIF. On Lines 12 and 14, carry forward values from
the DR- 420TIF forms.
Line 24
Include only those levies derived from millage rates.
All TRIM forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/ ro eirty/trim/trimmax html
F;LV :R A G1A,
TAX INCREMENT ADJUSTMENT WORKSHEET
DR- 420TIF
R. 6/10
Rule 12DER11 -10
Florida Administrative Code
Eff. 05/11
Year : 2012
County:
MIAMI -DADE
Principal Authority :
Taxing Authority
CITY OF SOUTH MIAMI
CITY OF
SOUTH MIAMI
Community Redevelopment Area:
Base Year:
SOUTH MIAMI CRA
1998
SECTION I : COMPLETED BY PROPERTY APPRAISER
1 •
Current year taxable value in the tax increment area
$
318,519,163
(1)
2•
Base year taxable value in the tax increment area
$
68,437,390
(2)
3•
Current year tax increment value (Line I minus Line2)
$
250,081,773
(3)
4•
Prior year Final taxable value in the tax increment area
$
286,850,198
(4)
5•
Prior year tax increment value (Line4 minus Line2)
$
218,412,808
(5)
Property Appraiser Certification
I certify the taxable values above are correct to the
best of my knowledge.
SIGN
HERE
Signature of Property Appraiser :
Date
Electronically Certified by Property Appraiser on 6/29/2012 2:03 PM
SECTION 11'
COMPLETED BY TAXING AUTHORITY Complete EITHERhne 6 o_r line 7 as applicable, Do NOTcomplete
both`.
6. If the amount to be paid to the redevelopment trust fund IS BASED on a
specific proportion of the tax increment value:
6a.
Enter the proportion on which the payment is based.
50.00 %
(6a)
6b.
Dedicated increment value (Line 3 multiplied by the percentage on Line
6a)
$
(6b)
If value is zero or less than zero, then enterzero on Line 6b
125,040,887
6c.
Amount of payment to redevelopment trust fund in prior year
$
572,023
(6c)
7. If the amount to be paid to the redevelopment trust fund IS NOT BASED
on a specific proportion of the tax
increment value:
7a.
Amount of payment to redevelopment trust fund in prior year
$
0
(7a)
7b.
Prior year operating millage levy from Form DR -420, Line 10
0.0000
per $1,000
(7b)
7c.
Taxes levied on prior year tax increment value
$
0
(7c)
(Line S multiplied by Line 7b, divided by 1,000)
7d
Prior year payment as proportion of taxes levied on increment value
0.00 %
(7d)
(Line 7a divided by Line 7c, multiplied by 100)
7e
Dedicated increment value (Line 3 multiplied by the percentage on Line
7d)
$
(7e)
If value is zero or less than zero, then enterzero on Line 7e
0
Taxing Authority Certification
I certify the calculations, millages and rates are correct to the best of my knowledge.
S
I
Signature of Chief Administrative Officer:
Date
G
Title
Contact Name and Contact Title:
N
HECTOR MIRABILE, CITY MANAGER
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
H
Mailing Address:
Physical Address:
E
6130 SUNSET DR
6130 SUNSET DRIVE
R
E
City, State, Zip:
Phone Number:
Fax
Number:
SOUTH MIAMI, FL 33143
305 - 663 -6343
305
- 663 -6346
TAX INCREMENT ADJUSTMENT WORKSHEET
INSTRUCTIONS
DR- 420TIF
R. 6/10
Page 2
Property appraisers must complete and sign Section I of Section I: Property Appraiser
this worksheet and provide it with form DR -420,
Certification of Taxable Value, to all taxing authorities who A. Complete Section I of this form for each county,
make payments to a redevelopment trust fund under: municipality, independent special district, dependent
• s. 163.387(2)(a), Florida Statutes, or special district, and MSTU that:
• An ordinance, resolution, or agreement to fund a
project or to finance essential infrastructure.
"Tax increment value" is the cumulative increase in
taxable value from the base year to the current year within
the defined geographic area. It is used to determine the
payment to a redevelopment trust fund under:
• s. 163.387(1), F.S. or
• An ordinance, resolution, or agreement to fund a
project or finance essential infrastructure. In this
case, the taxing authority must certify the
boundaries and beginning date to the property
appraiser.
"Dedicated increment value" is the portion of the tax
increment value used to determine the payment to the
redevelopment trust fund. (See s. 200.001(8)(h), F.S.)
Calculate the dedicated increment value on this form and
enter on either Line 6b or Line 7e.
"Specific proportion," used to determine whether to
complete Line 6 or Line 7, refers to the calculation of the
tax increment payment. Examples:
• Example 1.
Section. 163.387(1), F.S., states the payment
made by the taxing authority should equal 95% of
the millage levied times the tax increment value.
The specific proportion in this case is 95 %. The
ordinance providing for the payment may set a
percentage lower than 95 %. In these cases, the
lower percentage would be the specific proportion
• Example 2.
Some required tax increment payments are not
directly related to the tax increment value. A
constant dollar payment is a payment not based
on a specific proportion of the tax increment value.
Line 7 converts these payments into a proportion
based on the prior year's payment and tax
increment value to reach the current year's
dedicated increment value.
• Has a tax increment value and
• Is not exempted from making payments to a
community redevelopment trust fund based on
tax increments (s. 163.387(2)(c), F.S.).
If a taxing author
value, they must
increment value.
with the DR -420
authority returns
the original to:
'ity has more than one tax increment
complete a separate form for each tax
Send a copy to each taxing authority
and keep a copy. When the taxing
the completed forms, immediately send
Florida Department of Revenue
Property Tax Oversight Program - TRIM
P. O Box 3000
Tallahassee, Florida 32315 -3000
B. Enter only tax increment values that apply to the
value located within the taxing authority indicated.
Section Ila Taxing Authority
Complete Section II of the form, keep one copy, and
return the original and one copy to your property
appraiser with DR -420 within 35 days of certification.
Send one copy to your tax collector.
Additional Instructions for Lines 6 and 7
Complete Line 6 if the payment into the redevelopment
trust fund is a specific proportion of the tax increment
value.
Complete Line 7 if the payment is based on a calculation
other than a specific proportion. Do not complete both
Lines 6 and 7.
All forms for taxing authorities are available on our website at
http://dor.myflorida.com/dor/property/trimmax.htmi
�1dki;DIA
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 :
Taxing Authority:
CITY OF SOUTH MIAMI
CITY OF SOUTH MIAMI
1
Ils your taxing authority a municipality or independent special district that has levied ad
Yes
a No
(1)
valorem taxes for less than 5 years?
IF YES, I r 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
4.3639 per $1,000
(2)
3.
Prior year maximum millage rate with a majority vote from 2011 Form DR- 420MM, Line 13
5.7324 per $1,000
(3)
4.
Prior year operating millage rate from Current Year Form DR -420, Line 10
4.6662 per $1,000
(4)
If L/ne 4 Is equal> to or greater than L►ne 3, slop to Line �� if less, contipue: #o Line 5.
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
$ 11336,5181719
(5)
6'
Prior year maximum ad valorem proceeds with majority vote
$
�%
(Line 3 multiplied by Line 5 divided by 1,000)
7,661,460
7'
Amount, if any, paid or applied in prior year as a consequence of an obligation
$
(7)
measured by a dedicated increment value from Current Year Form DR -420 Line 12
572,023
8.
Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7)
$ 71089,437
(8)
9.
Adjusted current year taxable value from Current Year form DR -420 Line 15
$ 1,298,008,496
(9)
10.
Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 1,000)
5.4618 per $1,000
(10)
Calculate maximum millage levy
11.
Rolled -back rate to be used for maximum millage levy calculation
$1,000
(11)
(Enter Line 10 if adjusted or else enter Line 2)
5.4618 per
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)
5.7059 per $1,000
(13)
14.
Two - thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10)
6.2765 per $1,000
(14)
15.
Current year proposed millage rate
4.5728 per $1,000
(15)
16.
Minimum vote required to levy proposed millage: (Check one)
(16)
a. Majority vote oft the governing body: Check ere, if Line 15 is less than or equal to Line 13. The maximum millage rate is equa
to the majority vote maximum rate. Enter Line 13 on Line 17,
. Two-thirds vote o governing body: Check ere if Line 15 is less than or equal to Line 14, but greater than Line 13. T e
El 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.
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 tine 15 on Line 17.
The selection on Line 16 allows a maximum millage rate of
$1,000
(1 7)
1 �'
(Enter rate indicated by choice on Line 16)
5.7059 per
18.
Current year gross taxable value from Current Year Form DR -420, Line 4
$ 11426,836,326
(18)
Continued on page 2
Taxing Authority:
DR- 420MM -P
CITY OF SOUTH MIAMI
R. 5/12
Page 2
19.
Current year proposed taxes (Line 15 multiplied by Line 18, divided by 1,000)
$ 61524,637
(19)
Total taxes levied at the maximum millage rate (Line 17 multiplied by Line 18, divided by
20.
11000)
$ 8,141,385
(20)
DEPENDENT SPEC /AL DISTRICTS AND NISTUs
STOP HERE.: S/GN:AND SUBMIT
I
t
`
Enter the current year proposed taxes of all dependent special districts & MSTUs levying
21
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 Line21)
$ 61524,637
(22)
Total Maximum Taxes
Enter the taxes at the maximum millage of all dependent special districts & MSTUs
23.
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 (Line20 plus line 23)
$ 8,141,385
(24)
Total Maximum Versus Total Taxes Levied
259
Are total current year proposed taxes on Line 22 equal to or less than total taxes at the
a YES NO
(25)
maximum millage rate on Line 24. (Check one)
I certify the millages and rates are correct to the best of my knowledge. The millages
Taxing Authority Certification
comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s.
S
200.081, F.S.
Signature of Chief Administrative Officer:
Date
G
N
Title:
Contact Name and Contact Title:
H
HECTOR MIRABILE, CITY MANAGER
ALFREDO RIVEROL, CHIEF FINANCIAL OFFICER
E
R
Mailing Address:
Physical Address:
E
6130 SUNSET DR
6130 SUNSET DRIVE
City, State, Zip:
Phone Number:
Fax Number:
SOUTH MIAMI, FL 33143
305 - 663 -6343
305 - 663 -6346
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
General Instructions
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
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
Lines 5 -10
DR- 420MM -P
R. 5/12
Page 3
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.htmI