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DEPARTMENT
OF REVENUE
CERTIFICATION OF TAXABLE VALUE
DR -420
R.6/11
Rule 12DER11-13
Florida Administrative Code
Eff.6/11
Year: 2011
County: MIAMI -DADS
Principal Authority :
VILLAGE OF KEY BISCAYNE
Taxing Authority :
VILLAGE OF KEY BISCAYNE
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.
Current year taxable value of real property for operating purposes
S 5,481,298,627
(1)
2.
Current year taxable value of personal property for operating purposes
$ 41,574,020
(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)
$ 5,522,872,647
(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.)
$ 23,211,698
(5)
6.
Current year adjusted taxable value (Line 4 minus Line 5)
$ 5,499,660,949
(6)
7.
Prior year FINAL gross taxable value from prior year applicable Form DR -403 series
S 5,319,539,965
(7)
i
8.
Does the taxing authority include tax increment financing areas? If yes, enter number
of worksheets (DR-420TIF) attached. If none, enter 0
YES
NO
Number
(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 Milloge forms attached. If none, enter 0
YES
ri
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 Prope Appra' er :
Date
July 1, 2011
SECTION II : COMPLETED BY TAXING AUTHORITY s
t\
If t is portion of the form is not completed in FULL your taxing authority will be denit&TRIM certification and
ossibly lose its millage levy privilege/or the ttaax3rear`31f ny line is not applic* e, enter -0-.
10 �
Pilio ating millage levy (If prior year millage was adjusted tit 42c/fasted
millage from Form DR -422) `"
per $1,000
3 .2 0
(10)
11.
Prior year ad valorem proceeds (Line 7 multiplied by Line 10, divided by 1,000)
$ 1 7 , 0 2 2 , 5 2 8
(11)
12. 0
Amount, if any, paid or applied in prior year as a consequence of an obligation measured by a
dedicated increment value (Sum ofeither Lines 6corLine 7ofor allDR-420T1Fforms)
$
12)
13.
Adjusted prior year ad valorem proceeds (Line 11 minus Line 12)
$ 1 7, 0 2 2 , 5 2 8
(13)
14.
Dedicated increment value, if any (Sum ofeither Line 6b or Line 7e for oll DR -42071F forms)
$ 0
(14)
15.
Adjusted current year taxable value (Line 6 minus Line 14)
$ 5 , 499 , 660 , 949
(15)
16.
Current year rolled -back rate (Line 13 divided by Line 15, multiplied by 1,000)
3 . 0 9 5 2 per $1000
(16)
17.
Current year proposed operating millage rate
3_7 0 QO per $1000
(17)
18
Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided
by 1,000)
$ 17,673,192
(18)
Continued on page 2
DR -420
R. 6/11
Page 2
19.
TYPE of principal authority (check one)
C County n Independent Special District
_. Municipality Li Water Management District
(19)
20.
Applicable taxing authority (check one) n
X
E
Principal Authority
MSTU
n
Dependent Special District
Water Management District Basin
(20)
21.
Is millage levied in more than one county? (check one) Yes [R1 No
(21)
: DEPENDENT SPECIALDISTRICTS AVDMSTUs
STD,
= - _' STOP_HERE'SIGN ND SUBMIT
_
22.
Enter the total ad valorem proceeds of the principal authority, all dependent special
districts, and MSTUs at rolled -back rate. (Total of Line 13 from all DR -420 forms)
$ 1 7 , 022 , 528
(22)
23.
Current year aggregate rolled -back rate (Line 22 divided by Line 15, multiplied by 1,000)
3 .0 95 2 per $1,000
(23)
24.
Current year aggregate rolled -back taxes (Line 4 multiplied by Line 23, divided by 1,000)
S 17 , 094,395
(24)
25.
Enter total of all operating ad valorem taxes proposed to be levied by the principal
taxing authority, all dependent districts, and MSTUs, if any. (Total of Line 18 from all
DR -420 forms)
S 17,673,192
(25)
26.
Current year proposed aggregate millage rate (Line 25 divided by Line 4, multiplied
by 1,000)
3.2000 per 51,000
(26)
27
Current year proposed rate as a percent change of rolled -back rate (Line 26 divided by
Line 23, minus 1, multiplied by 100)
%
3.39
(27)
First public
budget hearing
Date :
09/13/2011
Time :
7: 0 0pm
Place :
560 Crandon Boulevard
Phone : (305) 365-5500
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.
G
Signature of Ch' dministrative en •
Date
tiff"
l
N
H
Title
Village Manager
Contact Name and Contact Title :
Genaro "Chip" Iglesias
E
R
E
Mailing Address :
88 West McIntyre St.
Physical Address :
88 West McIntyre St.
City, State, Zip :
Key Biscayne, FL 33149
Phone Number :
(305)365-5500
Fax Number :
(305)365-8936
Instructions on page 3
v/
DEPARTMENT
OE REVENUE
MAXIMUM MILLAGE LEVY CALCULATION
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 :
VILLAGE OF KEY BISCAYNE
Taxing Authority:
VILLAGE OF KEY BISCAYNE
1
Is your taxing authority a municipality or independent special district that has levied ad
valorem taxes for less than 5 years?
C
Yes
/
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
3.0952 per $1,000
(2)
3.
Prior year maximum millage rate with a majority vote from 2010 Form DR-420MM, Line 13
3.6723 per $1,000
(3)
4.
Prior year operating millage rate from Current Year Form DR -420, Line 10
3.2000 per 51,000
(4)
If Line 4 is_equal:to:or_ greater- han Line"3, skip:to' Line 11 If Jess, continue to Line 5,
.a : is
Adjust rolled -back rate based on prior year msiority-vote maximum mirage rate
5.
Prio year final grits taxable value from Current Year Form DR- 0, Li 7
$ ,,. 5,319,539,965
(5)
6.
P i year �y .ad em proceeds with majority, vote ,.,y
�y �_. ¢S
(Li 3 multi ed t Line ivided b 1,000)
,/ 1 :
s� 19,534,947
(6)
7
Amount, if any, paid or applied in prior year as a consequence ofa ,iligation
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)
$ 19,534,947
(8)
9.
Adjusted current year taxable value from Current Year form DR -420 Line 15
$ 5,499,660,949
(9)
10.
Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 1,000)
3.5520 per $1,000
(10)
Calculate maximum millage levy
11.
Rolled -back rate to be used for maximum millage levy calculation
(Enter Line 10 if adjusted or else enter Line 2)
3.5520 per $1,000
(11)
12.
Change in per capita Florida personal income (See Line 12 Instructions)
1.0055
(12)
13.
Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12)
3.5715 per $1,000
(13)
14.
Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10)
3,9287 per $1,000
(14)
15.
Current year proposed millage rate
3.2000 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 15 on Line 17.
Uc. 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 rate indicated by choice on Line 16)
3.5715 per $1,000
(17)
18.
Current year gross taxable value from Current Year Form DR -420, Line 4
$ 5,522,872,647
(18)
Continued on page 2
Taxing Authority :
VILLAGE OF KEY BISCAYNE
DR-420MM-P
R. 5/11
Page 2
19.
Current year adopted taxes (Line 15 multiplied by Line 18, divided by 1,000)
$ 17,673,192
(19)
20.
Total taxes levied at the maximum millage rate (Line 17 multiplied by Line 18, divided by
1,000)
$ 19,724,940
(20)
DEPENDENT SPECIAL DISTRICTS AND MSTUs
step
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)
$ 0
(21)
22.
Total current year adopted taxes (Line 19 plus Line 21)
S 17,673,192
(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)
$ 19,724,940
(24)
Total Maximum Versus Total Taxes Levied
25.
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)
YES NO
(25)
S
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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 ors.
200.08 S.
Signature of Chi dministrative Officer :
Date :
1 el 10
Title :
GENARO IGLESIAS, VILLAGE MGR
Co act Name and Contact Title :
B TRICE GALEANO, FINANCE DIRECTOR
Mailing Address :
88 W MCINTYRE ST
hysical Address :
88 W MCINTYRE ST
City, State, Zip :
KEY BISCAYNE, FL 33149
Phone Number :
3053655500
Fax Number :
3053658936
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