VII(B) Set Tentative Millage Rate For Fiscal Year 2001-2002 Agenda 7-17-2001
Item VII B
"CENTER OF GOOD LIVING-PRIDE OF WEST ORANGE" MAYOR•COMMISSIONER
Ocoee S.SCOTT VANDERGRIFT
07/4,1, •��_ CITY OF OCOEE COMMISSIONERS
r Q 150 N.LAKESHORE DRIVE DANNY HOWELL
p SCOTT ANDERSON
v OCOEE,FLORIDA 34761-2258 RUSTY JOHNSON
el> "%' A4. (407)905-3100 NANCY J.PARKER
oF GOP
CITY MANAGER
JIM GLEASON
MEMORANDUM
To: The Honorable Mayor and City Commissioners
From: James Gleason, City Manager
Date: July 5, 2001
Re: TRIM TIMETABLE; PROPOSED MILLAGE RATE
The Trim timetable requires us to advise the property Appraiser of the FY 2002 proposed millage
rate by August 4, 2001. The following is submitted to assist you in making your decision:
• The property value increase over last year is$101,674,342.
• One mill generates $1,061,654.
• The rolled-back rate is 4.6718 per $1,000 of taxable value and would generate $4,959,837 in
revenue.
• The current rate of 4.7387 per $1,000 would produce $5,030,862 in revenue. ( This is an
increase of$481,804 over current year revenue)
The millage set by you at this meeting will be sent to all property owners within Ocoee directly
after August 4, 2001. The proposed budget is balanced on a 4.7387 mil tax rate; therefore, I
recommend continuation of the current millage rate.
PoWF� � ��
Piois 's ikon's Water sf:::S%5i'GES
"CENTER OF GOOD LIVING-PRIDE OF WEST ORANGE" MAYOR•COMMISSIONER
Ocoee S.SCOTT VANDERGRIFT
°\ pii, E \ CITY OF OCOEE COMMISSIONERS
s.
a c.::- ( 150 N.LAKESHORE DRIVE DANNY HOWELL
SCOTT ANDERSON
RUSTY JOHNSON
OCOEE,FLORIDA 34761-2258?� (407)905 3100 NANCY J.PARKER
rF�OF G00�`� CITY MANAGER
JIM GLEASON
MEMORANDUM
REVISED
To: The Honorable Mayor and City Commissioners
From: James Gleason, City Manager
Date: July 16, 2001
Re: TRIM TIMETABLE; PROPOSED MILLAGE RATE
The Trim timetable requires us to advise the property Appraiser of the FY 2002 proposed millage
rate by August 4, 2001. The following is submitted to assist you in making your decision:
• The property value increase over last year is$101,674,342.
• One mill generates $1,061,654.
• The rolled-back rate is 4.5272 per $1,000 of taxable value and would generate $4,806,322 in
revenue.
• The current rate of 4.7387 per $1,000 would produce $5,030,862 in revenue. ( This is an
increase of$481,804 over current year revenue)
The millage set by you at this meeting will be sent to all property owners within Ocoee directly
after August 4, 2001. The proposed budget is balanced on a 4.7387 mil tax rate: therefore, I
recommend continuation of the current millage rate.
POWT"
Protect Ocoee'sWater Resources ,
' EFT N I R.01/95
2001
H Year .
4 ORANGE County To OCOEE
(Name of Taxing Authority)
(1) Current Year Taxable Value of Real Property for Operating Purposes $ • 976,678,702
(2) Current Year Taxable Value of Personal Property for Operating Purposes $ 84,975,723
(3) Current Year Taxable Value of Centrally Assessed Property for Operating Purposes $ 0
(4) Current Year Gross Taxable Value for Operating Purposes(1)+(2)+(3) $ .1 ,061,654,425
(5) Current Year Net New Taxable Value(New Construction+Additions+Rehabilitative $ 56,828,599
Improvements Increasing Assessed Value By At Least 100%+Annexations-Deletions)
(6) Current Year Adjusted Taxable Value (4)-(5) $ 1,004,825,826
(7) Prior Year Final Gross Taxable Value $ 959,980,083
(From Prior Year Applicable Form DR-403 Series)
I do hereby certify the values shown herein to be correct to the best of my knowledge and belief. Witness my hand and official signature at
ORLANDO ,Florida,this the 28TH day of . JUNE ,20 01.
. 412 -. c
Signature of Property Apprai r
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 r�
(8) Prior Year Operating Millage Levy - $ 1,1387 per$1,000
(9) Prior Year Ad Valorem Proceeds (7)x (8) $ LI!SI/9i 05 67
(10) Current Year Rolled-Back Rate (9)+(6) $ / 1/, 5 per.,'7 per$1,000
(11) Current Year Proposed Operating Millage Rate $ 14, 7 3 g 7 per$1,000
(12) Check TYPE of Taxing Authority: • County Dependent District I 'Municipal Service Taxing Unit
Municipality Independent Special I IMulti-County . n Water Management District
District •
1
(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 yOTED MILLAGE $ per$1,000
. . . 111D.ENM: .P:E.;:IAL'>O:I TRICT SKiPln::.;al`:6::#`"rou:::.. .. ....... ... ...............................................:............ .. . . .
ME-
(16) Enter Total Prior Year Ad Valorem Proceeds of ALL DEPENDENT Special Districts $
&MSTU's levying a millage.(The sum of Line(9)from each District's Form DR-420) .
(17) Total Prior Year Proceeds: (9)+(16) $ '/, t5 L/ `a,o 5g'
i
(18) The Current Year Aggregate Rolled-back Rate: (17)+(6) $ q,5 1 per$1,000
(19) Current Year Aggregate Rolled-back Taxes: (4)x(18) $ 1/t g(2(�. `- c,'
(20) Enter Total of all non-voted Ad Valorem Taxes proposed to be levied by the Principal $. ,6 D u -•$(a
Taxing Authority,all Dependent Districts,&MSTU's if any. Line(11)x Line(4) I 1
(21) Current Year Proposed Aggregate Millage Rate: (20)+(4) $ 1 7, 73 g 7 per$1,000
(22) Current Year Proposed Rate as a PERCENT CHANGE of Rolled-back Rate: y- (, 7/g - %
[(Line 21+Une18)-1.00]x100
Date,lime 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(Month and Year)
Signature and Title of Chief Administrative Officer Address of Physical Location
Mailing Address Name of Contact Person
. City . State .. Zip _. _..Phone# . ..... ..... ............. . Fax#_. . . ..
SEE INSTRUCTIONS ON REVERSE SIDE . .
City Of Ocoee
TRIM Timeline
July 1, 2001
July 1, 2001 Property Appraiser certifies the taxable value for each jurisdiction-DR 420
August 4, 2001 Within 35 days of certification, advise property appraiser of:
Proposed Millage Rate
Current year Rolled-back rate
Date, time and meeting place of the Tentative Budget Hearing
Not later than 55 days after certification, Property Appraiser mails out the Notice
August 24, 2001 of Proposed Property Taxes to property owners
Within 80 days of certification but not earlier than 65 days , the taxing authority
shall hold a public hearing on the tentative budget and proposed millage rate.
This hearing is publicized via the TRIM Notice mailed out by the Property
September 3 - September 18 Appraiser.
At this hearing the taxing authority will:
**amend and adopt the tentative budget, re-compute the proposed millage rate,
and publicly announce the percent, if any, by which the re-computed proposed
millage exceeds the rolled-back rate.
**adopt a tentative millage and budget
** If the millage rate tentatively adopted exceeds the proposed rate presented in
the TRIM notice, each taxpayer within the jurisdiction shall be notified of the
increase by first class mail at the expense of the taxing authority.
Within 15 days following the tentative budget hearing, the taxing authority shall
September 18- September 25 advertise its intent to adopt a final millage and budget.
A public hearing to adopt a final millage rate and budget shall be held not less
than 2 days or more than 5 days after the day that the advertisement is first
September 21 -September 30 published.