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Welcome to Department of Revenue’s TRIM Web Ex Training Presented by Florida Department of Revenue.

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Presentation on theme: "Welcome to Department of Revenue’s TRIM Web Ex Training Presented by Florida Department of Revenue."— Presentation transcript:

1 Welcome to Department of Revenue’s TRIM Web Ex Training Presented by Florida Department of Revenue

2 TRIM TRIM Timetable TRIM Forms Maximum Millage TRIM Hearing Requirements Advertising Requirements Resolutions/Ordinances Certifying Compliance to DOR TRIM Compliance Contacts

3 Truth in Millage Introduction TRIM process and the public Chapter 200, Florida Statutes

4 TRIM TIMETABLE

5 TRIM Timetable The property appraiser provides total assessed value of nonexempt property by June 1 to be used for budget planning purposes By July 1, Property appraiser certifies the taxable value to each taxing authority on Form DR-420

6 TRIM Timetable Day 1 = July 1 The first day of the TRIM process is July 1, or the date of certification of taxable value whichever is LATER July DAY 1

7 TRIM Timetable July The Board of County Commissioner’s budget officer submits tentative budget to the board

8 TRIM Timetable Day 35 = August August DAY 35 Within 35 days of certification of value, each taxing authority must inform the Property Appraiser of Prior year millage rate Current year proposed millage rate Current year rolled-back rate The date, time and meeting place of the Tentative Budget Hearing

9 TRIM Timetable The taxing authority will be prohibited from levying a millage rate greater than the rolled-back rate The rolled-back rate will be computed by the Property Appraiser and used to prepare the Notice of Proposed Property Taxes If a taxing authority fails to provide the information to the property appraiser within 35 days

10 TRIM Timetable Day 55 = August August DAY 55 The property appraiser must mail the Notice of Proposed Property Taxes (TRIM Notice) within 55 days of certification If a review notice has been issued the TRIM Notice can not be mailed until DOR has approved the assessment roll

11 TRIM Timetable Days Sept A public hearing on the tentative budget and proposed millage rate should be held This tentative hearing is published on the TRIM Notice mailed by the property appraiser

12 TRIM Timetable Day 95 = Sept. 18 th to Oct. 3 rd Notice of Proposed Tax Increase or Notice of Budget Hearing and Budget Summary Ad Within 15 days of the tentative hearing, the taxing authority must advertise its intent to adopt a final millage and budget

13 TRIM Timetable Day 97 – 100 Final Hearing A public hearing on the final millage rates and budget should be held 97 to 100 days after certification of value. This final hearing is held within 2 to 5 days after the hearing is advertised.

14 TRIM Timetable Within 3 Days of Final Hearing The resolution or ordinance adopting the final millage rate will be forwarded to the Property Appraiser, Tax Collector and the Department of Revenue. Receipt of resolution or ordinance is the official notification of the final millage rate.

15 TRIM Timetable Within 30 Days of Final Hearing Each taxing authority has to certify compliance to the Florida Department of Revenue. Do not wait to certify compliance if Form DR-422 has not been received from the Property Appraiser. Complete DR-422 as soon as it’s received and forward it to the Property Appraiser. A copy should also be sent to the Property Tax TRIM Section.

16 TRIM CERTIFICATION FORMS

17 TRIM Certification Forms DR-420, Certification of Taxable Value DR-420DEBT, Certification of Voted Debt Millage DR-420TIF, Tax Increment Adjustment Worksheet DR-420MMP, Maximum Millage Levy Calculation Preliminary Disclosure

18 DR-420 Certification of Taxable Value July 1 PA certifies initial values Prior year millage rate is entered Rolled-back rate is calculated Proposed millage rate is entered

19 DR-420 Certification of Taxable Value Percent change of rolled-back rate is calculated Tentative budget hearing is entered Return completed form within 35 days of certification

20 DR-420 Debt Certification of Voted Debt Millage July 1 PA certifies initial values TA completes either Line 5 or Line 6 Return completed form within 35 days of certification

21 DR-420 TIF Tax Increment Adjustment Worksheet July 1 PA certifies values TA completes either Line 6 or Line 7 Return completed form within 35 days of certification

22 MAXIMUM MILLAGE

23 Maximum Millage Local governments must conform to the maximum millage limitation statutory requirements by adopting a millage rate with the following: Majority Vote 2/3 Vote or Unanimous Vote

24 DR-420MMP Maximum Millage Preliminary Disclosure Enter current year proposed millage Determines needed vote to adopt millage

25 DR-420MMP Maximum Millage Preliminary Disclosure Line 25 determines compliance with maximum millage laws

26 DR-420MM Maximum Millage Final Disclosure Enter current year adopted millage Determines needed vote to adopt millage

27 DR-420MM Maximum Millage Final Disclosure Line 25 determines compliance with maximum millage laws

28 DR-487V Vote Record Must be completed with your DR-420MM form List all board members and how they voted

29 DR-422 Certification of Final Taxable Value PA certifies final taxable value TA enters final millage rate

30 DR-422 Certification of Final Taxable Value Adjust millage rate

31 DR-422 Debt Certification of Final Voted Debt Millage PA certifies final taxable value TA enters final millage rate Adjust millage rate

32 TRIM HEARING INFORMATION

33 Taxing authorities are required to hold two public hearings to adopt a millage rate and budget

34 TRIM Hearing Information Scheduling & Advertising Hearing TRIM hearings may be held Monday – Friday after 5:00 PM Anytime on Saturday Never on Sunday

35 TRIM Hearing Information Scheduling & Advertising Hearings School board has first priority of a hearing date BOCC has second choice No other taxing authority, in the county, can hold a hearing on the same date as the school board or BOCC

36 TRIM Hearing Information Scheduling & Advertising Hearing The tentative TRIM hearing is advertised on the TRIM Notice The final hearing must be advertised within 15 days of adopting the tentative millage and budget

37 The first issues discussed will be the Percentage increase in millage over the rolled-back rate necessary to fund the budget, if any Specific reasons why ad valorem tax revenues are being increased. TRIM Hearing Information At The Hearing

38 The general public will be allowed to speak and ask questions prior to the adoption of any measures by the governing body. The governing body must adopt its tentative or final millage rate prior to adopting its tentative or final budget. Adopt Millage First; Adopt Budget Second. TRIM Hearing Information At The Hearing

39 The name of the Taxing Authority, The rolled-back rate, The percentage of increase over the rolled-back rate, and The millage rate to be levied TRIM Hearing Information At The Hearing Each Taxing Authority levying a millage rate, must publicly announce, before adopting the millage resolution:

40 TRIM Hearing Information At The Hearing The tentative millage rate cannot exceed the proposed millage rate, unless, each taxpayer is mailed a revised TRIM Notice at the expense of the Taxing Authority The final millage rate cannot exceed the tentatively adopted millage rate. The TRIM process has to be completed within 101 days

41 TRIM Hearing Information At The Hearing No millage can be levied until a resolution or ordinance has been approved by the governing board of the taxing authority.

42 TRIM ADVERTISING REQUIREMENTS

43 TRIM Advertising Requirements Taxing authorities must select the appropriate newspaper advertisement to announce the Final TRIM Hearing

44 TRIM Advertising Requirements Advertisement Selection Calculate the percentage change of rolled back rate Publish Notice of Proposed Tax Increase when percent change is greater than 0% Publish Notice of Budget Hearing when the percent change is equal to or less than 0%

45 TRIM Advertising Requirements Notice of Proposed Tax Increase Ad Must be a FULL 1/4 PAGE ad. Must have a Headline in at least 18 point type. Must have an adjacent Budget Summary ad. Must be published in a newspaper of general paid circulation in the county or in a geographically limited insert of such newspaper. Can Not be published in the legal section or classified section of the newspaper.

46 TRIM Advertising Requirements Notice of Proposed Tax Increase Ad CAN NOT deviate from the specified language. CAN NOT be accompanied, preceded or followed by other ads or notices which conflict or contradict the required publications. Advertise the Final Hearing within 15 days of Tentative (1 st ) Hearing. Hold the Final Hearing 2-5 days after advertised.

47 NOTICE OF PROPOSED TAX INCREASE The ___(name of taxing authority)__ has tentatively adopted a measure to increase its property tax levy. Last year’s property tax levy: A.Initially proposed tax levy$47,969 B.Less tax reductions due to Value Adjustment Board and other assessment changes$3,833 C.Actual property tax levy$44,136 This year’s proposed tax levy$49,740 All concerned citizens are invited to attend a public hearing on the tax increase to be held on: DATE: TIME: PLACE: TOWN: A FINAL DECISION on the proposed tax increase and the budget will be made at this hearing. NOTICE OF PROPOSED TAX INCREASE The ___(name of taxing authority)__ has tentatively adopted a measure to increase its property tax levy. Last year’s property tax levy: A.Initially proposed tax levy$47,969 B.Less tax reductions due to Value Adjustment Board and other assessment changes$3,833 C.Actual property tax levy$44,136 This year’s proposed tax levy$49,740 All concerned citizens are invited to attend a public hearing on the tax increase to be held on: DATE: TIME: PLACE: TOWN: A FINAL DECISION on the proposed tax increase and the budget will be made at this hearing. TRIM Advertising Requirements Notice of Proposed Tax Increase Ad Example Use 100% of Tax Levies in Advertisement

48 TRIM Advertising Requirements Notice of Budget Hearing Doesn’t have a size requirement Must have an adjacent Budget Summary ad. Must be published in a newspaper of general paid circulation in the county or in a geographically limited insert of such newspaper. Can Not be published in the legal section or classified section of the newspaper.

49 TRIM Advertising Requirements Notice of Budget Hearing CAN NOT deviate from the specified language. CAN NOT be accompanied, preceded or followed by other ads or notices which conflict or contradict the required publications. Advertise the Final Hearing within 15 days of Tentative (1 st ) Hearing. Hold the Final Hearing 2-5 days after advertised.

50 TRIM Advertising Requirements Notice of Budget Hearing NOTICE OF BUDGET HEARING The ____________ has tentatively adopted a budget for (fiscal year) A public hearing to make a FINAL DECISION on the budget AND TAXES will be held on: (Date) (Time) at (Meeting Place) NOTICE OF BUDGET HEARING The ____________ has tentatively adopted a budget for (fiscal year) A public hearing to make a FINAL DECISION on the budget AND TAXES will be held on: (Date) (Time) at (Meeting Place) Example

51 TRIM Advertising Requirements Budget Summary Ad Must Show ALL tentatively adopted millage rates: General Fund Dependent District Municipal Service Taxing Unit (MSTU) Voted Debt Service

52 TRIM Advertising Requirements Budget Summary Ad Each millage rate shown must have at least 95% of ad valorem taxes included in the budget. Show ALL funds Have a balanced budget. –All funds should balance –The total of all funds should balance Show line item for Reserves

53 TRIM Advertising Requirements Budget Summary Ad Have an adjacent Notice of Proposed Tax Increase ad or Notice of Budget Hearing ad (NOT BOTH) Not be placed in the legal or classified section of the newspaper Has no size requirements Comply with all statutory budget requirements

54 TRIM Advertising Requirements Budget Summary Ad If the proposed operating budget expenditures are more than last year's total operating expenditures, include the statement in BOLD THE PROPOSED OPERATING BUDGET EXPENDITURES OF (name of taxing authority) ARE (percent rounded to one decimal place) MORE THAN LAST YEAR'S TOTAL OPERATING EXPENDITURES.

55 TRIM Advertising Requirements Budget Summary Ad

56 TRIM Advertising Requirements Recessed Hearing Information If the hearing is recessed, the taxing authority must publish a Notice of Continuation in a newspaper of general paid circulation in the county. The notice will state the time, date, and location of the hearing. DO NOT ADJOURN the hearing - The hearing is to be RECESSED.

57 TRIM Advertising Requirements Recessed Hearing Information NOTICE OF CONTINUATION The tentative/final budget hearing held on (Date of first hearing) For the (name of taxing authority) was recessed and will be continued on (Date, time, and location of new hearing). (Include name of town) NOTICE OF CONTINUATION The tentative/final budget hearing held on (Date of first hearing) For the (name of taxing authority) was recessed and will be continued on (Date, time, and location of new hearing). (Include name of town) Example

58 Must be submitted for each published advertisement To be submitted with the DR-487 TRIM Advertising Requirements Proof of Publications

59 TRIM Resolution/Ordinance No millage can be levied until a resolution or ordinance has been approved by the governing board of the taxing authority.

60 Millage Resolutions/Ordinances

61 TRIM Millage Resolution/Ordinance The Tentative & Final Resolution/Ordinance adopting millage rates must include: The name of the Taxing Authority.The name of the Taxing Authority. The percent of increase over the rolled-back rate.The percent of increase over the rolled-back rate. Each millage rate adopted.Each millage rate adopted. The rolled-back rate.The rolled-back rate.

62 TRIM Budget Resolution/Ordinance Must be adopted by separate vote after the millage adoption If order of millage and budget adoption cannot be determined, send minutes of meeting Receipt of the resolution or ordinance by the property appraiser is official notice of the millage rate approved by the taxing authority

63 Budget Resolution

64 TRIM Resolution/Ordinance Within 3 days following the final hearing, forward resolution/ordinance adopting final millage to the Property Appraiser, Tax Collector and Department of Revenue

65 Certification of TRIM Compliance Forms DR-487 DR-420MM DR-487V

66 DR-487 Certification of TRIM Compliance

67 Certification of TRIM Compliance DR-420MM

68 Certification of TRIM Compliance DR-487V

69 TRIM Value Adjustment Board At least 15 days before hearing, petitioner provides property appraiser information to present at hearing. At least 7 days before hearing, property appraiser provides information in writing to petitioner if requested. Petitioner must make partial payment by date of delinquency (April 1) VAB meets 30 – 60 days after mailing of TRIM Notice. Board remains in session from day to day until all petitions, complaints, appeals and disputes are heard.

70 Final Taxable Value Forms DR-422 DR-422DEBT

71 DR-422 Final Taxable Value

72 DR- 422DEBT Certification of Final Voted Debt Millage

73 2012 Top Infractions and Violations 1.Late package 2. Ad valorem proceeds not shown or incorrect 3.Other 4.Budget not balanced 5.Tax levy incorrect / Percent increase incorrect

74 Thank You For Your Participation Today


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