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July 10, 2aoo
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CITY OF ATLANTIC BEACH
CITY COMMI$SYON MEETING
STAFF REPORT......
AGENDA ITEM: Form DR-420 Certification of Taxable Value
SUBMITTED BY: Nelson Van Liere, Finance Director
DATE:
June 23, 2000
BACKGROUND: This is the form used to transmit the decisions of the City Commission for
the tentative millage rate and the date, time and location of the first public
hearing on the tentative budget and millage tax rate.
The property appraiser will notify all property owners of the meeting and
the proposed millage rate on their respective property tax notifications.
This information is due. to the Duval County Property Appraiser's Office
and the Tax Collector's Off ce within 35 days of the Certification which is
July 18, 2000.
General Millage Rate Information:
• The current millage rate is 3.1721 mills.
• The rolled back rate is 2.9063 mills.
• The current rate is .2658 mills over rolled back rate.
• The current rate is 9..1456% higher than the rolled back rate.
General Budgeting Information for Ad Valorem Taxes:
• Using the current rate, budgeted revenues will be $2,045,170.
• Using the rolled back rate, budgeted revenues .will be $1,972,420.
• Adopting the rolled back rate forfeits $72,750 of General Fund
revenues.
• Fiscal Year 1999 budgeted revenues are $1,842,450.
• Using the current rate, budgeted revenues will increase $202,720.
• Using the rolled back rate, budgeted revenues will increase
$129,970.
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BUDGET: The budgetary impact is dependant on the millage that is adopted as
described above.
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RECOMMENDATION: 1. Adopt the current millage as the tentative millage.
2. Set the. date, time and place of the first Public Hearing for
the purpose of adopting a tentative millage rate and a
proposed budget to be held September 11, 2000 in the City
Commission Chambers at 7: I S p.m. This information will
be typed on the DR-420 and .signed by the City Manager .
Note: The form will be held at City Hall until we can confirm there is no
conflict with the selected date from the other taxing districts.
ATTACHMENTS:
1. Example of DR- 420 filled out as if we are going to keep the
millage rate the same.
RE'~IEWED BY CITY MANAGER:
'""'~
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CERTIFlGATION OF TAXABLE VALUE July lo, 2000
SECTION I
2000 Year ATIrANTIC BEACH (IISD3)
DOYAL County To
tNaum of Taxlny Aud-orily)
(1) Current Year Taxable Value of Real Property for Operating Purposes 5 657 .8R 1, j, 50A
(2) Currant Year Taxable Value of Personal Property for Operating Purposes $ 20,'838, 667
for eratin Pu oses $ ~~
(3) Current Year Taxable Value of Centrally Assessed Property Op g rP
678,670,175
(4) Current Year Gross Taxable Value for Operating Purposes (1) + (?~ + (3) 5
(5~ Current Year Net New Taxable Value (New Construction + Additions + Rehabilitative 5 4, 72fJ, 954
Improvements Increasing Assessed Value By At Least 100% + Annexations -Deletions) $ 673, 949, 221
(6) Current Year Adjus#ed Taxable Value (4) - (5)
Cn Prior Year Tina! Gross Taxable Value 5 617 , 472 , 577
(From Prior Year Applicable Form DA-403 Series)
I do hereby certify the values shown herein to be correct to the best of Rey knowledge and belief. Witness my hand and official
signature at_ JACRSONYILLL .Florida, this theD7 nth ~djajyrof ,~J. IINE ~6_ 2000
~ Stgnaturs of Property /appraiser
TAXLLVG AUTHORITY: if this portion of the form is not completed m your ~
and posst'biy lose its miliage levy privilege for the tax year. It any line is inapplicable,
SECTION II
(8) Prior Year Operating Millage Levy
(9) Prior Year Ad Valorem Proceeds (>1 x (8)
`(i0) Current Year Roiled-Back Rate (9) _ {6y
WA or -0-.
5 3.1721 par 51,000
5 1,958,685
.5 2.9063 per 51,000
(11) Current Year Proposed Operating Millage Rate 5 3.1721 par x1,000
(12) Check one (1) TYPE of Taxing Authority:
County ®Municipality Independent DependentMunicipal ServiceMulti-County
Special Distric! Special District Taxing Unit
(13) IF DEPENDENT SPECIAL. DISTRICT OA MSTU IS MARi~D, PLEASE SEE REVERSE SIDE-
(14) Current Year Millage Levy for VOTED DEBT SEflVlCE 5 -0 per 51,000
{1'a~ Current Year OTHER VOTED MILEAGE 5 -0- per 51,000
DEPENDENT SPECIAL DISTRICTS SKIP lines (16) thrc
(1 b~ Enter Total Prior Year Ad Valorem Proceeds of ALL DEPEIV
8~ MSTU's levying a miilage. {i'tte sum of Line (9) from each
(17) Total Prior Year Proceeds: (9) + (1 ~
(18) The Current Year Aggregate Rolled-back Rate: (17) _ (6j
(19) Current Year Aggregate Rolled-back Taxes: (4) x (18)
peciai Districts 5 -0-
s Form DR-420)
(20) Enter Total of ail non-voted Ad Valorem Taxes proposed to be levied by the Principal
Taxing Authority, ail Dependent Districts, 8~ MSTU's if any. Line (11) x Line (4)
(21) Current Year Proposed Aggregate Millage Rate: (20) _ (4)
5 1,958,685
5 2.9063 per 51,000
5 1,972,419
s z,152,s1o
5 3.1721 per 51,000
(22) Current Year Proposed Rate as a PERCENT CHANGE of Roiled-back Rate: 9.1456 %
I(L-ine 21 = Une 18) - 1.00 x X00 _
Date, Time and Place of the first Pubtic Budget Hearing: SEPTEMBER 200 7. 15 P M CITY HA7.i.
COMMISSION CHAMBERS, 800 SEMINOLE ROAD, ATLANTIC BEACH ORIDA ~ ~~ -
E do hereby certify the miflages and rates shown herein to be correct to the best of my knowledge and belief, FURTHER, '
1 certify that all miilages comply with the provisions of Section 200.071 or 200.081, F.S. WITNESS my hand and official
- signature at CITY OF ATLANTIC BEACH .Florida, this the day of -~Z' X000 ,
800 SEMINOLE ROAD, ATLANTIC BEACH FL
Signaturo and 17th o! Chirrf Adrnrmistrativrr Officer Add-ssa o4 ~~~ lo~aUon
800 SEMINOLE ROAD NELSON VAN LIERE, FINANCE DIRECTOR
Yai~fp Addroa Name of Conrad Pdrwn
ATLANTIC BEACH FLORIDA 32233 (904) 247-5807 (904) 247-5877
,,, ytr, ~, Phcae Numbu Fez Number