HomeMy WebLinkAboutTrim Timetable Proposed Millage Rate Center of Good CIt,
Ma �
r \e h� ('nmois
Scott\ indcrgrift p,. •:.+4 Danm Howell, Disc tot 1
Scott Anderson, District 2
( itv Manager �) 7 L.� Rusts luhn'on, District 3hm Gleason I, ��"�#. t (� Nancy I Parker, District 4
ssf
MEMORANDUM
To: The Honorable Mayor and City Commissit,
From: James Gleason, City Manager
Date: July 25, 2003
Re: TRIM TIMETABLE: PROPOSED MILLAGE TE
The trim timetable requires us to advise the Property Appraiser of the FY 2004 proposed millage
rate by August 4, 2003. The following is submitted to assist you in making your decision:
The property value increase over last year is $77,314,381.
One mil generates $1,228,651.
The current grillage rate of 4.5789 per$1,000 would produce $5,625,870 in revenue. (This is an
increase of$354,015 over current year ad valorem revenue.)
The rolled-back rate is 4.4794 per$1,000 of taxable value and would generate $5,503,620 in
revenue.
The current millage rate would generate$122,250 in revenue more than the rolled-back rate.
The millage set by you at this meeting will he sent to all property owners within Ocoee directly
after August 4, 2003.
I recommend continuation of the current millage rate of 4.5789, as you will not be able to adjust
the tentative rate up once adopted. You do have the ability to adjust the rate down before final
adoption of the budget.
The City of Ocoee• 150 N Lakeshore Drive•Ocoee, Florida 34761
phone: (407)905-3100• fax: (407)656-8504 •www ci.ocoee.0.us
(42. I }C( Io ?
Certification of Taxable Value DH-42o
SECTION I H.01.95
200.3 Year To CCOEE
ORANGE (Name of Taxing Authority
County
1, 1b1, 115, 892
(1) Current Year taxable Value of Real Property for Operating Purposes $
77, 535,338
(2) Current Year Taxable Value of Personal Property for Operating Purposes S
(3) Current Year Taxable Value of Centrally Assessed Property (oi Operating Purposes S
1,228, 651,130
(4) Current Year Gross Taxable Value for Operating Purposes II) 4 (2) 4 13) $
(5) Current Year Net New Taxable Value(New Construction +Additions 4 Rehabilitative _ :On, .__
Improvements Increasing Assessed Value By At Least 100., +Annexations- Deletions) $
(6) Current Year Adjusted Taxable Value(4) (5) $ " " -' '
)172
(7) Prior Year Final Gross Taxable Value $ - ,.)on
(From Prior Year Applicable Form DR-403 Series)
I do hereby certify the values show herein to be correct to the best of my knowledge and belief. Witness my hand and official signature
at ORLANDO Florida. this the (71H of SUID'E 20 Lea
Signature Properly A aiser
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 inapplicable,enter N/A or-0-.
SECTION II
(8) Prior Year Operating Millage Levy S ' per$1.000
(9) Prior Year Ad Valorem Proceeds (7)x(8) S _
(10)Current Year Rolled-Back Rate (9)divided by(6) $ 21, '/ / per$1,000
(11)Current Year Proposed Operating Millage Rate $ '( r 33n / per$1,000
(12)Check Ty'AE of Taxing Authority: County Dependent District Municipal Service Taxing Unit
�Sunlcipallty Independent Mulll-County Water Management District
Special Dist,ic't
(13) IF DEPENDENT SPECIAL DISTRICT OR MSTU IS MARKED, PLEASE SEE REVERSE SIDE.
(14) Current Year Millage Levy for VOTED DEBT SERVICE $ per$1,000
(15)Current Year Millage Levy for OTHER VOTED MILLAGE $ per$1.000
DEPENDENT SPECIAL DISTRICTS SKIP lines(16)through(22)
(16) Enter Total Prior Year Ad Valorem Proceeds of ALL DEPENDENT Special Districts $
and MSTU's levying a millage. (The sum of Line(9)from each District's Form DR-420)
(17)Total Prior Year Proceeds: (9) + (16) $ - -
(18)The Current Year Aggregate Rolled-back Rate. (17)divided by(6) $ L/ r /J ;,7 per$1,000
(19) Current Year Aggregate Rolled-back Taxes: (4)x(18) $ -
(20) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal $
Taxing Authority, all Dependent Districts,and MSTU's if any.Line(11)x Line (4)
(21) Current Year Proposed Aggregate Millage Rate:(20)divided by (4) $ LI r +; / per$1,000
(22) Current Year Proposed Rate as a PERCENT CHANGE of Rolled-back Rate'.
ol
[(Line 21 divided by Line 18)- 1 00]x 100 -
Date,Time and Place of the first Public Budget Hearing:
I do hereby certify the millages and rates shown herein to be correct to the best of my knowledge and belief. FURTHER. I certify that
all millages comply with the provisions of Section 200.071 or 200.081. F.S.WITNESS my hand and official signature at
, Florida, this the day of .20
Signature of Chief Administrative Officer and Title Address of Physical Location
Mailing Address Name of Contact Person
Clly State Zip Rhone# Fax
See Instructions on Reverse Side