Okaloosa County BOCC — August 4, 2015 — Tentative Millage document support-FY2016 — reading text

3.4308 per $1,000 (15) 16. Minimum vote required to levy proposed millage: (Check one) (16) a. Majority vote of the governing body: Check here if Line 15 is less than or equal to Line 13. The maximum millage rate is equal ✔ to the majority vote maximum rate. Enter Line 13 on Line 17. b. Two-thirds vote of governing body: Check here if Line 15 is less than or equal to Line 14, but greater than Line 13. The maximum millage rate is equal to proposed rate. Enter Line 15 on Line 17. c. Unanimous vote of the governing body, or 3/4 vote if nine members or more: Check here if Line 15 is greater than Line 14. The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. d. Referendum: The maximum millage rate is equal to the proposed rate. Enter Line 15 on Line 17. The selection on Line 16 allows a maximum millage rate of 17. 5.3857 per $1,000 (17) (Enter rate indicated by choice on Line 16) 18. Current year gross taxable value from Current Year Form DR-420, Line 4 $ 15,039,829,982 (18) Continued on page 2  Taxing Authority : DR-420MM-P R. 5/12 OKALOOSA COUNTY BCC Page 2 19. Current year proposed taxes (Line 15 multiplied by Line 18, divided by 1,000) $ 51,598,649 (19) Total taxes levied at the maximum millage rate (Line 17 multiplied by Line 18, divided by 20. $ 81,000,012 (20) 1,000) DEPENDENT SPECIAL DISTRICTS AND MSTUs STOP HERE. SIGN AND SUBMIT. Enter the current year proposed taxes of all dependent special districts & MSTUs levying 21. $ 0 (21) a millage . (The sum of all Lines 19 from each district's Form DR-420MM-P) 22. Total current year proposed taxes (Line 19 plus Line 21) $ 51,598,649 (22) Total Maximum Taxes Enter the taxes at the maximum millage of all dependent special districts & MSTUs 23. $ 0 (23) levying a millage (The sum of all Lines 20 from each district's Form DR-420MM-P) 24. Total taxes at maximum millage rate (Line 20 plus Line 23) $ 81,000,012 (24) Total Maximum Versus Total Taxes Levied Are total current year proposed taxes on Line 22 equal to or less than total taxes at the 25. ✔ YES NO (25) maximum millage rate on Line 24? (Check one) I certify the millages and rates are correct to the best of my knowledge. The millages Taxing Authority Certification comply with the provisions of s. 200.065 and the provisions of either s. 200.071 or s. 200.081, F.S. S I Signature of Chief Administrative Officer : Date : G N Title : Contact Name and Contact Title : JOHN HOFSTAD, COUNTY ADMINISTRATOR GARY J STANFORD, FINANCE DIRECTOR H E R Mailing Address : Physical Address : E 302 N WILSON STREET STE 203 City, State, Zip : Phone Number : Fax Number : CRESTVIEW, FL 32536 8506895000 8506895882 Complete and submit this form DR-420MM-P, Maximum Millage Levy Calculation-Preliminary Disclosure, to your property appraiser with the form DR-420, Certification of Taxable Value. Instructions on page 3  MAXIMUM MILLAGE LEVY CALCULATION DR-420MM-P R. 5/12 PRELIMINARY DISCLOSURE Page 3 INSTRUCTIONS General Instructions Line Instructions Each of the following taxing authorities must Lines 5-10 complete a DR-420MM-P. Only taxing authorities that levied a 2014 millage rate less • County than their maximum majority vote rate must complete these • Municipality lines. The adjusted rolled-back rate on Line 10 is the rate • Special district dependent to a county or that would have been levied if the maximum vote rate for municipality 2014 had been adopted. If these lines are completed, enter • County MSTU the adjusted rate on Line 11. • Independent special district, including water management districts Line 12 • Water management district basin This line is entered by the Department of Revenue. The same adjustment factor is used statewide by all taxing Voting requirements for millages adopted by a authorities. It is based on the change in per capita Florida two-thirds or a unanimous vote are based on the personal income (s. 200.001(8)(i), F.S.), which Florida Law full membership of the governing body, not on requires the Office of Economic and Demographic Research the number of members present at the time of to report each year. the vote. Lines 13 and 14 This form calculates the maximum tax levy for 2015 allowed under s. 200.065(5), F.S. Counties Millage rates are the maximum that could be levied with a and municipalities, including dependent special majority or two-thirds vote of the full membership of the districts and MSTUs, which adopt a tax levy at the governing body. With a unanimous vote of the full final hearing higher than allowed under s. membership (three-fourths vote of the full membership if 200.065, F.S., may be subject to the loss of their the governing body has nine or more members) or a half-cent sales tax distribution. referendum, the maximum millage rate that can be levied is the taxing authority’s statutory or constitutional cap. DR-420MM-P shows the preliminary maximum millages and taxes levied based on your Line 16 proposed adoption vote. Each taxing authority Check the box for the minimum vote necessary at the final must complete, sign, and submit this form to hearing to levy your adopted millage rate. their property appraiser with their completed DR-420, Certification of Taxable Value. Line 17 Enter the millage rate indicated by the box checked in Line The vote at the final hearing and the resulting 16. If the proposed millage rate is equal to or less than the maximum may change. After the final hearing, majority vote maximum millage rate, enter the majority vote each taxing authority will file a final Form maximum. If a two-thirds vote, a unanimous vote, or a DR-420MM, Maximum Millage Levy Calculation referendum is required, enter the proposed millage rate. For Final Disclosure, with Form DR-487, Certification a millage requiring more than a majority vote, the proposed of Compliance, with the Department of Revenue. millage rate must be entered on Line 17, rather than the maximum rate, so that the comparisons on Lines 21 through Specific tax year references in this form are 25 are accurate. updated each year by the Department. All TRIM forms for taxing authorities are available on our website at http://dor.myflorida.com/dor/property/trim  Reset Form Print Form DR-420TIF R. 6/10 Rule 12D-16.002 TAX INCREMENT ADJUSTMENT WORKSHEET Florida Administrative Code Effective 11/12 Year : 2015 County : OKALOOSA Principal Authority : Taxing Authority : OKALOOSA COUNTY BCC OKALOOSA COUNTY BCC Community Redevelopment Area : Base Year : Cinco Bayou 1995 SECTION I : COMPLETED BY PROPERTY APPRAISER 1. Current year taxable value in the tax increment area $ 24,209,374 (1) 2. Base year taxable value in the tax increment area $ 16,960,529 (2) 3. Current year tax increment value (Line 1 minus Line 2) $ 7,248,845 (3) 4. Prior year Final taxable value in the tax increment area $ 23,594,277 (4) 5. Prior year tax increment value (Line 4 minus Line 2) $ 6,633,748 (5) Property Appraiser Certification