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Item 9AAGENDA ITEM # 9A OCTOBER 13.2008 October 7, 2008 MEMORANDUM TO: The Honorable Mayor and Members of the Commission FROM: Jim Hans SUBJECT: City Mana er's Report Certification of Final Taxable Value; Around the first of October of each yeaz the Duval County Property Appraiser provides each City with a "Certification of Final Taxable Value" which is the final tax digest upon which the tax levy is to be assessed. Tax bills will be printed and sent out in the next few weeks. Because changes aze made to the tax digest almost on a daily basis, the final figures aze always slightly different from the initial estimates provided to the governing bodies for their budget approval process. State law gives local governments the administrative authority to amend the tax rate to adjust for any changes in the final digest if those changes are greater than one percent. In recent years, the final digests have always been more than the estimated digests and in several of those years when the increase has been over one percent we have chosen to lower the tax rate. This yeaz, the final taxable value is less than the amount considered during the budget workshops. That is to say, the final tax digest is 1.35% ($19,374,000) less than the estimated tax digest that was considered by the Commission for approval last month. The City was given until close of business on October 8~' to notify the Property Appraiser if we intended to utilize the option to increase the tax rate to offset the decreased tax digest. Because the City Commission was opposed to any increase in the tax rate in the current year, staff did not notify the tax assessor of a change. The result will be an estimated loss of just over $55,000 in tax revenues in the upcoming yeaz. This is in addition to the reduction in taxable values that was discussed and approved as part of the FY 2008-09 budget. By keeping the same tax rate, the, City will receive an estimated $239,500 less in the next year than it did in the previous yeaz. Grant for Outfitting Emergency Command Vehicle; On Monday, October 6, 2008, Atlantic Beach was notified that the proposed Urban Area Strategic Initiative (LTASI) grant proposal for Atlantic Beach had been granted final approval for $48,650. AGENDA ITEM # 9A OCTOBER 13, 2008 Several years ago, Atlantic Beach submitted a grant proposal to purchase and outfit a mobile command vehicle to be used in the event of a local emergency, and to be used regionally in the event of any major disaster. The vehicle was proposed as a large "box" truck that would be equipped with emergency power, lighting, climate control, communications equipment, satellite equipment, seating, and other items necessary to operate an incident command post in the event of an emergency. The truck and vehicle body were acquired with UASI funds in 2006, but the rest of the equipment was not funded at that time. In 2007, the City requested the funding necessary to "build out" the command vehicle. This has now been approved, and equipment will be purchased and installed during the present fiscal year. The UASI funding does not require matching funds. The total value of the final vehicle with related equipment will probably exceed $130,000. AGENDA ITEM # 9A OCTOBER 13, 2008 ~ ~ ~ ~ DR-422 CERTIFICATION OF FINAL TAXABLE VALUE R.09/OS Section 200.065 (1),(6), F.S. Rule12DER08-27 Florida Administrative Code DEPARTMENT Effective o9/08 OF REVENUE Year County 2008 DUVAL Principal Authority ATLANTIC BEACH Taxing Authority ATLANTIC BEACH (USD3 ) Check TYPE of principal authority (check one) ^ County ^ Independent Special District ^ School District ©Municipality ^ Water Management District Check applicable taxing authority (check one) ®Principal Authority ^ Dependent Special District ^MSTU ^ Water Management District Basin SECTION I: COMPLETED BY PROPERTY APPRAISER 1. Current year gross taxable value (From Line 4, Form DR-420) $ 1, 431, 057, 754 (1) 2. Final current year gross taxable value (From Form DR-403 Series) $ 1, 411, 683 , 052 (2) 3 Percentage of change in taxable value (Line 2 divided by Line 1, minus 1, multiplied by 100) , -1.35 % (3) The taxing authority must complete this form and return it to the property appraiser by'. 5 am m, OCt 8 r 20 08 w !r Property Appraiser Certification = I certify the taxable values shown above are correct to the best of my knowledge. Z ~ Signa re of Property AFFp~~prai'~ser ~.~!/.~~ Date ~ a f ~3(vg SECTION II: COMPLETED BY TAXING AUTHORITY MILEAGE RATE ADOPTED BY RESOLUTION OR ORDINANCE AT FINAL BUDGET HEARING PURSUANT TO S. 200.065(2)(D), F.S. 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 inapplicable, enter NA or -0-. Voted Millage 4a. Voted debt service millage $ per $1,000 (4a) 4b. Other voted millage (in excess of the millage cap and not more than two years) $ per $1,000 (4b) Non-voted Operating Millage Rate (from resolution or ordinance) 5a. County or municipal principal taxing authority $ per $1,000 (5a) 5b. Dependent special district Name $ per $1,000 (5b) 5c. Municipal service taxing unit (MSTU) Name $ per $1,000 (5c) 5d. Independent special district $ per $1,000 (5d) 5e. School district Required local effort $ per $1,000 (5e) Discretionary $ per $1,000 Capital outlay $ per $1,000 Additional $ per $1,000 Sf. Water management district District levy $ per $1,000 (5fl Basin $ per $1,000 CONTINUED ON PAGE 2