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Reset FormDR420MM R. 5/12 Rule 12D16.002 Florida Administrative Code Effective 11/12MAXIMUM MILLAGE LEVY CALCULATION FINAL DISCLOSUREFor municipal governments, counties, and special districtsYear.
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Floridarevenue FAQ
To determine the ad valorem tax, multiply the taxable value (assessed value less any exemptions) by the millage rate and divide by 1,000. For example, $100,000 in taxable value with a millage rate of 5.0000 would generate $500 in taxes. The Property Appraiser certifies the values and exemptions on the tax roll.
Truth in Millage establishes the statutory requirements that all taxing authorities levying a millage must follow, including all notices and budget hearing requirements. The TRIM requirements also provide for maximum millage levies for counties, municipalities, and independent special districts.
Examples of non-ad valorem taxes are storm water utility, solid waste, security and fire and rescue. These assessments are above and beyond the ad valorem tax which accounts for your real property. These non-ad valorem assessments may appear on your Notice of Proposed Property Taxes (TRIM Notice).
Certain property tax benefits are available to persons 65 or older in Florida. Eligibility for property tax exemptions depends on certain requirements. Information is available from the property appraiser's office in the county where the applicant owns a homestead or other property.
A non-ad valorem assessment is a special assessment or service charge which is not based on the value of the property. Non-ad valorem assessments are assessed to provide certain benefits to your property including services such as landscaping, security, lighting, and trash disposal.
Ad Valorem (Property) Tax If you own property in Florida, that property is assessed annually by the county property appraiser. This assessment determines the amount of ad valorem taxes owed each year on your property. Ad valorem or property taxes are collected annually by the county tax collector.
Authoritys Related content
resolution no. 2010-29 - Village of Key Biscayne
Disclosure, to your property appraiser with the Form DR-420,. Certification of Taxable...
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