Get Fl Dr-420mm 2019

The FL DR-420MM form is essential for municipal governments, counties, and special districts in Florida to calculate maximum millage levies and disclose tax rates. This guide provides step-by-step instructions on how to accurately complete the form online, making the process clear and straightforward for all users.

Follow the steps to effectively complete the FL DR-420MM form.

1. Use the 'Get Form' button to obtain the FL DR-420MM and open it for editing.
2. Indicate whether your taxing authority is a municipality or independent special district that has levied ad valorem taxes for less than five years. If yes, stop here, sign, and submit the form.
3. For the current year, enter the rolled-back rate from the Current Year Form DR-420, Line 16, per $1,000.
4. Input the prior year maximum millage rate with a majority vote from 2018, as found on Form DR-420MM, Line 13, per $1,000.
5. Enter the prior year operating millage rate from Current Year Form DR-420, Line 10, per $1,000.
6. If Line 4 is equal to or greater than Line 3, skip to Line 11. If less, gather prior year final gross taxable value from Current Year Form DR-420, Line 7.
7. Calculate adjusted prior year ad valorem proceeds with majority vote (Line 6 minus Line 7).
8. Input the adjusted current year taxable value from Current Year Form DR-420, Line 15.
9. Determine prior year maximum ad valorem proceeds with majority vote (multiply Line 3 by Line 5 divided by 1,000).
10. Calculate the adjusted current year rolled-back rate (Line 8 divided by Line 9, multiplied by 1,000).
11. Decide on the rolled-back rate to be used for maximum millage levy calculation (enter Line 10 if adjusted or else enter Line 2).
12. Refer to the adjustment for change in per capita Florida personal income on Line 12 and enter it accordingly.
13. Calculate the majority vote maximum millage rate allowed (multiply Line 11 by Line 12).
14. Next, calculate the two-thirds vote maximum millage rate allowed (multiply Line 13 by 1.10).
15. Enter the current year adopted millage rate per $1,000.
16. Check the relevant box for the minimum vote required to levy adopted millage.
17. Input the maximum millage rate in accordance with your selection from Line 16.
18. Enter the current year gross taxable value from Current Year Form DR-420, Line 4.
19. Calculate the current year adopted taxes (Line 15 multiplied by Line 18, divided by 1,000).
20. Determine the total taxes levied at the maximum millage rate (Line 17 multiplied by Line 18, divided by 1,000).
21. For dependent special districts and MSTUs, enter the current year adopted taxes.
22. Compute total current year adopted taxes (sum of Line 19 and Line 21).
23. Total the maximum taxes from all dependent special districts and MSTUs levying a millage.
24. Calculate the total taxes at maximum millage rate (sum of Line 20 and Line 23).
25. Determine if total current year adopted taxes on Line 22 are equal to or less than total taxes at the maximum millage rate on Line 24.
26. Sign the document in the appropriate section as the chief administrative officer and enter the date, title, contact name, mailing address, and contact number.
27. Review all entries for accuracy before submission.
28. Once completed, users can save changes, download, print, or share the filled-out form.

Complete your FL DR-420MM form online today for accurate and timely filing.