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

I certify the taxable values above are correct to the best of my knowledge. SIGN HERE Signature of Property Appraiser : Date : Electronically Certified by Property Appraiser 6/24/2015 5:02 PM SECTION II: COMPLETED BY TAXING AUTHORITY Complete EITHER line 6 or line 7 as applicable. Do NOT complete both. 6. If the amount to be paid to the redevelopment trust fund IS BASED on a specific proportion of the tax increment value: 6a. Enter the proportion on which the payment is based. 0.00 % (6a) 6b. Dedicated increment value (Line 3 multiplied by the percentage on Line 6a) $ 0 (6b) If value is zero or less than zero, then enter zero on Line 6b 6c. Amount of payment to redevelopment trust fund in prior year $ 0 (6c) 7. If the amount to be paid to the redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value: 7a. Amount of payment to redevelopment trust fund in prior year $ 21,687 (7a) 7b. Prior year operating millage levy from Form DR-420, Line 10 3.4308 per $1,000 (7b) Taxes levied on prior year tax increment value 7c. $ 22,759 (7c) (Line 5 multiplied by Line 7b, divided by 1,000) Prior year payment as proportion of taxes levied on increment value 7d. 95.00 % (7d) (Line 7a divided by Line 7c, multiplied by 100) 7e. Dedicated increment value (Line 3 multiplied by the percentage on Line 7d) $ 6,886,403 (7e) If value is zero or less than zero, then enter zero on Line 7e Taxing Authority Certification I certify the calculations, millages and rates are correct to the best of my knowledge. Signature of Chief Administrative Officer : Date : S I G Title : Contact Name and Contact Title : N JOHN HOFSTAD, COUNTY ADMINISTRATOR GARY J STANFORD, FINANCE DIRECTOR H Mailing Address : Physical Address : E 302 N WILSON STREET STE 203 R E City, State, Zip : Phone Number : Fax Number : CRESTVIEW, FL 32536 8506895000 8506895882  DR-420TIF R. 6/10 TAX INCREMENT ADJUSTMENT WORKSHEET Page 2 INSTRUCTIONS Property appraisers must complete and sign Section I of Section I: Property Appraiser this worksheet and provide it with form DR-420, Certification of Taxable Value, to all taxing authorities who A. Complete Section I of this form for each county, make payments to a redevelopment trust fund under: municipality, independent special district, dependent • s. 163.387(2)(a), Florida Statutes, or special district, and MSTU that: • An ordinance, resolution, or agreement to fund a • Has a tax increment value and project or to finance essential infrastructure. • Is not exempted from making payments to a community redevelopment trust fund based on “Tax increment value” is the cumulative increase in tax increments (s. 163.387(2)(c), F.S.). taxable value from the base year to the current year within If a taxing authority has more than one tax increment the defined geographic area. It is used to determine the value, they must complete a separate form for each tax payment to a redevelopment trust fund under: increment value. Send a copy to each taxing authority • s. 163.387(1), F.S. or with the DR-420 and keep a copy. When the taxing • An ordinance, resolution, or agreement to fund a authority returns the completed forms, immediately send project or finance essential infrastructure. In this the original to: case, the taxing authority must certify the Florida Department of Revenue boundaries and beginning date to the property Property Tax Oversight Program - TRIM Section appraiser. P. O. Box 3000 “Dedicated increment value” is the portion of the tax Tallahassee, Florida 32315-3000 increment value used to determine the payment to the B. Enter only tax increment values that apply to the redevelopment trust fund. (See s. 200.001(8)(h), F.S.) value located within the taxing authority indicated. Calculate the dedicated increment value on this form and enter on either Line 6b or Line 7e. “Specific proportion,” used to determine whether to Section II: Taxing Authority complete Line 6 or Line 7, refers to the calculation of the tax increment payment. Examples: Complete Section II of the form, keep one copy, and • Example 1. return the original and one copy to your property Section.163.387(1), F.S., states the payment appraiser with DR-420 within 35 days of certification. made by the taxing authority should equal 95% of Send one copy to your tax collector. the millage levied times the tax increment value. The specific proportion in this case is 95%. The ordinance providing for the payment may set a Additional Instructions for Lines 6 and 7 percentage lower than 95%. In these cases, the lower percentage would be the specific proportion. Complete Line 6 if the payment into the redevelopment • Example 2. trust fund is a specific proportion of the tax increment Some required tax increment payments are not value. directly related to the tax increment value. A Complete Line 7 if the payment is based on a calculation constant dollar payment is a payment not based other than a specific proportion. Do not complete both on a specific proportion of the tax increment value. Lines 6 and 7. Line 7 converts these payments into a proportion based on the prior year's payment and tax increment value to reach the current year's dedicated increment value. 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 : Crestview Main Street 1995 SECTION I : COMPLETED BY PROPERTY APPRAISER 1. Current year taxable value in the tax increment area $ 31,891,001 (1) 2. Base year taxable value in the tax increment area $ 12,452,562 (2) 3. Current year tax increment value (Line 1 minus Line 2) $ 19,438,439 (3) 4. Prior year Final taxable value in the tax increment area $ 31,256,646 (4) 5. Prior year tax increment value (Line 4 minus Line 2) $ 18,804,084 (5) Property Appraiser Certification I certify the taxable values above are correct to the best of my knowledge. SIGN HERE Signature of Property Appraiser : Date : Electronically Certified by Property Appraiser 6/24/2015 5:02 PM SECTION II: COMPLETED BY TAXING AUTHORITY Complete EITHER line 6 or line 7 as applicable. Do NOT complete both. 6. If the amount to be paid to the redevelopment trust fund IS BASED on a specific proportion of the tax increment value: 6a. Enter the proportion on which the payment is based. 0.00 % (6a) 6b. Dedicated increment value (Line 3 multiplied by the percentage on Line 6a) $ 0 (6b) If value is zero or less than zero, then enter zero on Line 6b 6c. Amount of payment to redevelopment trust fund in prior year $ 0 (6c) 7. If the amount to be paid to the redevelopment trust fund IS NOT BASED on a specific proportion of the tax increment value: 7a. Amount of payment to redevelopment trust fund in prior year $ 56,161 (7a) 7b. Prior year operating millage levy from Form DR-420, Line 10 3.4308 per $1,000 (7b) Taxes levied on prior year tax increment value 7c. $ 64,513 (7c) (Line 5 multiplied by Line 7b, divided by 1,000) Prior year payment as proportion of taxes levied on increment value 7d. 87.00 % (7d) (Line