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CERTIFICATION OF TAXABLE VALUE
DCPARTMLNT
OF REVENUE
DR -420
R. 06/09
Florida Administrative Code
Rule 12DER09-01
`•
2009
County
MIAMI-DADE
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
5,896,694,256
(1)
2 Current year taxable value of personal property for operating purposes
39,521,761
(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)
$ 5,936,216,017
(4)
Current year net new taxable value (Add new construction, additions, rehabilitative improvements
5 increasing assessed value by at least 100%, annexations, and tangible personal property value
over 115% of the previous year's value Subtract deletions )
$ 15,543,163
(5)
6 Current year adjusted taxable value (Line 4 minus Line 5)
$
5,920,672,854
(6)
7 Pnor year FINAL gross taxable value (From prior year applicable Form DR -403 series)
$
6,316,175,396
(7)
8 Does the taxing authority include tax increment financing areas? If yes, enter number of
worksheets (DR-420TIF) attached. If none, enter 0.
0 Yes ® No
Number
0 (8)
)es the taxing authority levy a voted debt service millage or a millage voted for 2 years or less
Number
5
...icier s 9(b), Article VII, State Constitution? If yes, enter the number of forms
(9)
DR-420DEBT, Certification of Voted Debt Millage for each debt service levy
•
Yes
L4
No
0
Z0 re
W
N
Property Appraiser Certification
I certify the taxable values shown above are correct to the best of my knowledge
Signature of Property Appraiser
--IQ/
Date
JULY 1, 2009
SECTION II: COMPLETED BY TAXING AUTHORITY
If this portion of the form is not completed in FULL your authority will be denied TRIM certification and
possibly lose its millage levy privilege for the tax year. If any line is not applicable, -0-
10
Prior year operating millage levy (if prior year millage was adjusted then use adjusted millage from
Form DR -422)
$
3.200
per 51,000
(10)
11
Prior year ad valorem proceeds (Line 7 multiplied by Line 10 divided by 1,000)
$ 20,211,761
(11)
12
Amount, if any, paid or applied in prior year because of an obligation measured by a dedicated
increment value (Sum of either Line 6c or Line 7a for all DR-420TIF forms)
$
0
(12)
13
Adjusted prior year ad valorem proceeds (Line 11 minus Line 12)
$
20,211,761
(13)
14
Dedicated increment value, if any (Sum of either line 6b or Line 7e for all DR-420TIF forms)
$ 0
(14)
15
Adjusted current year taxable value (Line 6 minus Line 14)
$ 5,920,672,854
$ 3.4138
per $1,000
(15)
(16)
1f
irrent year rolled -back rate (Line 13 divided by Line 15, multiplied by 1,000)
17
Current year proposed operating millage rate
$
1.700
per 51.000
(17)
18
Total taxes to be levied at proposed millage rate (Line 17 multiplied by Line 4, divided by 1,000)
$ 18,995,891
(18)
CONTINUED ON PAGE 2
DR -420
R. 06/09
Page 2
SECTION II: COMPLETED BY TAXING AUTHORITY - CONTINUED FROM PAGE 1 j
19 TYPE of principal authority (check one) • County • Independent Special Distnct
(19,
gil Municipality • Water Management Distnct
20 Applicable taxing authority (check one) ® Principal Authority • Dependent Special District
(20)
• MSTU • Water Management District Basin
21 Is millage levied in more than one county? (check one) • Yes Ii No (21)
DEPENDENT SPECIAL DISTRICTS AND MSTUs: STOP STOP HERE - SIGN AND SUBMIT I
Enter the total adjusted prior year ad valorem proceeds of the principal authority, all dependent
22
special districts, and MSTUs levying a millage. (The sum of Line 13 from all DR -420 forms)
$ ( 22)
20,211,761
23 Current year aggregate rolled -back rate (Line 22 divided by Line 15, multiplied by 1,000)
$ 3 41 3 8 per $1,000 (23)
24 Current year aggregate rolled -back taxes (Line 4 multiplied by Line 23, divided by 1,000)
(24)
$ 20,264,822
25 Enter total of all operating ad valorem taxes proposed to be levied by the pnncipal taxing authority,
all dependent districts, and MSTUs, if any (Total of Line 18 from all DR -420 forms)
$ (25)
18,995,891
26 Current year proposed aggregate millage rate (Line 25 divided by Line 4, multiplied by 1,000)
$ 3.200 per $1,000 (26)
i
27 Current year proposed rate as a percent change of rolled -back rate (Line 26 divided by Line 23,
minus 1, multiplied by 100)
0/, (27)
-6.26
First public
budget hearing
Date
09/08/2009
Time
7:00pm
Place and Telephone Number '..
Village of Key Biscayne Council ChambE
560 Crandon Blvd, Key Biscayne, PL
33149
11 certify the millages and rates are correct to the best of my knowledge The millages
co ly th the orovisions of ss. 200 065 and 200.071 or 200.081, F S
SIGN HERE
Signature of Chief A(d inistrative Officer
Date
Title J
Village Manager
Cont Name
enaro "Chip" Iglesias
Mailing Address
Village of Key Biscayne
88 West McIntyre Street
Physical Address
88 West McIntyre Street
Key Biscayne, FL 33149
City, State, Zip
Key Biscayne, FL 33149
Phone Number
(305) 365-5500
Fax Number
(365) 365-8936
INSTRUCTIONS ON PAGE 3
rs
M.!
DEPARTMENT
OF REVENUE
MAXIMUM MILLAGE LEVY CALCULATION
PRELIMINARY DISCLOSURE
For municipal governments, counties, and special districts
DR-420MM-P
R. 6/09
Florida Administrative Code
Rule 12DER09-01
Fear 2009
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?
(1)
Yes
No
IF YES, r, T 0 P STOP HERE. SIGN AND SUBMIT. You are not subject to a millage limitation.
2.
Current year rolled -back rate from Form DR -420, Line 16
3.4138
per $1,000
(2)
3.
Prior year maximum millage rate with a majority vote (2008 Form DR-420MM, Line 24)
2.7819
per $1,000
(3)
4.
Prior year operating millage rate from Form DR -420, Une 10
3.20
per $1,000
(4)
If Une 4 is equal to or greater than Une 3, skip to Line 11. If Mss, continue to Une 5.
Adjust rolled -back rate based on prior year majority -vote maximum millage rate
5.
Prior year final gross taxable value from Form DR -420, Line 7
$
6,316,175,396
(5)
6
Prior year maximum ad valorem proceeds with majority vote
(Une 3 multiplied by Une 5 divided by 1,000)
$
17,570,968
(6)
7
Amount, if any, paid or applied in prior year as a consequence of an obligation measured
by a dedicated increment value from Form DR -420 Line 12
$
0
(7)
8.
Adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7)
$
17,570,968
(8)
1.,9.
Adjusted current year taxable value from DR -420 Une 15
$
5,920,672,854
(9)
10.
Adjusted current year rolled -back rate (Line 8 divided by Line 9, multiplied by 1,000)
2.9677
per $1,000
(10)
Calculate maximum millage levy
11.
Rolled -back rate to be used for maximum millage levy calculation (Enter Une 10 if
adjusted or enter Line 2 if Line 10 is not adjusted)
2.9677 per $1,000
(11)
12.
Adjustment for growth in per capita Florida personal income
1.0250
(12)
13.
Majority vote maximum millage rate allowed (Line 11 multiplied by Line 12)
3.0419 per $1,000
(13)
14.
Two-thirds vote maximum millage rate allowed (Multiply Line 13 by 1.10)
3.3461 per $1,000
(14)
15.
Current year proposed millage rate
3.20 per $1,000
(15)
16.
Minimum vote required to levy proposed millage: (Check one)
(16)
❑a.
Majority vote of the goveming 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 Une 15 on Une 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 Une 14.
The maximum millage rate is equal to the proposed rate. Enter Line 15 on Une 17.
d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17.
17.
The selection on Une 16 allows a maximum millage rate of (Enter rate indicated by choice
on Une 16)
320 per 51,000
(17)
18.
Current year gross taxable value from Form DR -420, Line 4
$ 5,936,216,017
(18)
Continued on page 2
DR-420MM-P
R. 6/09
Page 2
19.
Current year proposed taxes (Line 15 multiplied by Une 18, divided by 1,000)
S 18,995,891
(19)
20.
Total taxes levied at the maximum millage rate (Une 17 multiplied by Line 18, divided by
1,000)
$ 18,995,891
(20)
DEPENDENT SPECIAL DISTRICTS AND MSTUs ;TOP STOP HERE. SIGN AND SUBMIT.
21.
Enter the current year proposed taxes of all dependent special districts & MSTUs levying a
millage (The sum of all Unes 19 from each district's Form DR -420 MM -P)
$
0
(21)
22.
Total current year proposed taxes (Une 19 plus Line 21)
$
18,995,891
(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 Unes 20 from each district's Form DR -420 MM -P)
$
0
(23)
24.
Total taxes at maximum millage rate (Une 20 plus line 23)
$
18,995,891
(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 Une 24? (Check one)
No
(25)
Yes
SIGN HERE
Taxing Authority Certification
9 com
I certify the millages and rates are correct to the best of my knowledge. The millages
with t provisions of ss. 200.065 and 200.071 or 200.081, F.S.
Signature of Chief Administ tive Officer
o
Date
/23�09
Title
Village Manager
Contact Name
Genaro "Chip" Iglesias
Mailing Address
Village of Key Biscayne
88 West McIntyre Street
Physical Address
88 West McIntyre Street
Key Biscayne, FL 33149
City, State, Zip
Key Biscayne, FL 33149
Phone Number
305-365-5500
Fax Number
305-365-8936
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 Compliance.
Instructions on page 3