Fillable Dr420tif (Florida)

Fill Online, Printable, Fillable, Blank Dr420tif (Florida) Form

Use Fill to complete blank online FLORIDA pdf forms for free. Once completed you can sign your fillable form or send for signing. All forms are printable and downloadable.

Dr420tif (Florida)

On average this form takes 7 minutes to complete

The Dr420tif (Florida) form is 2 pages long and contains:

  • 0 signatures
  • 0 check-boxes
  • 29 other fields

Country of origin: US
File type: PDF

BROWSE FLORIDA FORMS

Related forms
Fill has a huge library of thousands of forms all set up to be filled in easily and signed.
Fill in your chosen form
Sign the form using our drawing tool
Send to someone else to fill in and sign.
find another form
 
TAX INCREMENT ADJUSTMENT WORKSHEET
DR-420TIF
R. 6/10
Rule 12D-16.002
Florida Administrative Code
Effective 11/12
Year : County :
Principal Authority :
Taxing Authority :
Community Redevelopment Area :
Base Year :
SECTION I : COMPLETED BY PROPERTY APPRAISER
1.
Current year taxable value in the tax increment area
(1)$
2. (2)$
Base year taxable value in the tax increment area
3. (3)$
Current year tax increment value (Line 1 minus Line 2)
4. (4)$
Prior year Final taxable value in the tax increment area
5.
Prior year tax increment value (Line 4 minus Line 2)
$ (5)
SIGN
HERE
Property Appraiser Certification
I certify the taxable values above are correct to the best of my knowledge.
Signature of Property Appraiser :
Date :
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. (6a)
Enter the proportion on which the payment is based.
%
6b.
Dedicated increment value (Line 3 multiplied by the percentage on Line 6a)
If value is zero or less than zero, then enter zero on Line 6b
$ (6b)
6c.
Amount of payment to redevelopment trust fund in prior year
$ (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
$ (7a)
7b.
Prior year operating millage levy from Form DR-420, Line 10
per $1,000 (7b)
7c.
Taxes levied on prior year tax increment value
(Line 5 multiplied by Line 7b, divided by 1,000)
$ (7c)
7d.
Prior year payment as proportion of taxes levied on increment value
(Line 7a divided by Line 7c, multiplied by 100)
% (7d)
7e. (7e)$
Dedicated increment value (Line 3 multiplied by the percentage on Line 7d)
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 :
Title : Contact Name and Contact Title :
Mailing Address : Physical Address :
City, State, Zip :
Phone Number :
Fax Number :
S
I
G
N
H
E
R
E
Print Form
Reset Form
DR-420TIF
R. 6/10
Page 2
TAX INCREMENT ADJUSTMENT WORKSHEET
INSTRUCTIONS
Property appraisers must complete and sign Section I of
this worksheet and provide it with form DR-420,
Certification of Taxable Value, to all taxing authorities who
make payments to a redevelopment trust fund under:
• s. 163.387(2)(a), Florida Statutes, or
• An ordinance, resolution, or agreement to fund a
project or to finance essential infrastructure.
“Tax increment value” is the cumulative increase in
taxable value from the base year to the current year within
the defined geographic area. It is used to determine the
payment to a redevelopment trust fund under:
• s. 163.387(1), F.S. or
• An ordinance, resolution, or agreement to fund a
project or finance essential infrastructure. In this
case, the taxing authority must certify the
boundaries and beginning date to the property
appraiser.
“Dedicated increment value” is the portion of the tax
increment value used to determine the payment to the
redevelopment trust fund. (See s. 200.001(8)(h), F.S.)
Calculate the dedicated increment value on this form and
enter on either Line 6b or Line 7e.
“Specific proportion,” used to determine whether to
complete Line 6 or Line 7, refers to the calculation of the
tax increment payment. Examples:
• Example 1.
Section.163.387(1), F.S., states the payment
made by the taxing authority should equal 95% of
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
percentage lower than 95%. In these cases, the
lower percentage would be the specific proportion.
• Example 2.
Some required tax increment payments are not
directly related to the tax increment value. A
constant dollar payment is a payment not based
on a specific proportion of the tax increment value.
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.
Section I: Property Appraiser
A. Complete Section I of this form for each county,
municipality, independent special district, dependent
special district, and MSTU that:
• Has a tax increment value and
• Is not exempted from making payments to a
community redevelopment trust fund based on
tax increments (s. 163.387(2)(c), F.S.).
If a taxing authority has more than one tax increment
value, they must complete a separate form for each tax
increment value. Send a copy to each taxing authority
with the DR-420 and keep a copy. When the taxing
authority returns the completed forms, immediately send
the original to:
Florida Department of Revenue
Property Tax Oversight Program - TRIM Section
P. O. Box 3000
Tallahassee, Florida 32315-3000
B. Enter only tax increment values that apply to the
value located within the taxing authority indicated.
Section II: Taxing Authority
Complete Section II of the form, keep one copy, and
return the original and one copy to your property
appraiser with DR-420 within 35 days of certification.
Send one copy to your tax collector.
Additional Instructions for Lines 6 and 7
Complete Line 6 if the payment into the redevelopment
trust fund is a specific proportion of the tax increment
value.
Complete Line 7 if the payment is based on a calculation
other than a specific proportion. Do not complete both
Lines 6 and 7.
All TRIM forms for taxing authorities are available on our website at
http://floridarevenue.com/property/Pages/TRIM.aspx
Download
Save PDF to desktop
Email
Email completed PDF
Send for Signing
Email for others to sign
Print
Print document
Choose a Field
Click on a field and
select the person that should complete it
Want to add a signature?
You can add a signature field
and assign it to someone else
to sign
Choose a Field
Click on a field and
select the person that should complete it

Dr420tif (Florida)

This document is locked as it has been sent for signing.

You have successfully completed this document.

Other parties need to complete fields in the document. You will recieve an email notification when the document has been completed by all parties.

This document has been signed by all parties.

Completed 27 July 2020

Message

View Audit Log
Print With Audit Log
Duplicate Document