Get Fl Dr-420mm 2020

The FL DR-420MM form is vital for municipal governments, counties, and special districts to report their maximum millage levy calculations. This guide provides clear, step-by-step instructions for completing the form online to ensure accurate submission.

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

1. Press the ‘Get Form’ button to access the FL DR-420MM and open it in your preferred editor.
2. Identify if 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. Locate the current year rolled-back rate on Line 2 from the Current Year Form DR-420, Line 16, and enter it per $1,000.
4. In Line 3, enter the prior year maximum millage rate with a majority vote as indicated from the 2019 Form DR-420MM, Line 13, per $1,000.
5. Find the prior year operating millage rate from the Current Year Form DR-420, Line 10, and input it in Line 4 per $1,000.
6. If the value in Line 4 is greater than or equal to Line 3, skip to Line 11. If it is less, continue with Line 5.
7. On Line 5, enter the prior year final gross taxable value from Current Year Form DR-420, Line 7.
8. Complete Line 8 with the adjusted prior year ad valorem proceeds, which is Line 6 minus Line 7.
9. In Line 9, provide the adjusted current year taxable value from Current Year Form DR-420, Line 15.
10. Calculate the adjusted current year rolled-back rate by dividing Line 8 by Line 9 and then multiplying by 1,000, entering the result in Line 10.
11. Indicate the rolled-back rate to be used for maximum millage levy calculation in Line 11, using Line 10 if adjusted, or Line 2 otherwise.
12. Enter the adjustment for change in per capita Florida personal income as specified on Line 12.
13. Calculate the majority vote maximum millage rate allowed in Line 13 by multiplying Line 11 by Line 12.
14. Determine the two-thirds vote maximum millage rate allowed on Line 14 by multiplying Line 13 by 1.10.
15. Provide the current year proposed millage rate in Line 15.
16. Choose the minimum vote required to levy the proposed millage by checking the appropriate box in Line 16.
17. Record the maximum millage rate allowed based on your selection in Line 17.
18. Enter the current year gross taxable value from Current Year Form DR-420, Line 4, in Line 18.
19. Calculate the current year proposed taxes in Line 19 using Line 15, Line 18, and dividing by 1,000.
20. Complete the total taxes levied at the maximum millage rate in Line 20 by multiplying Line 17 by Line 18, divided by 1,000.
21. If applicable, add Line 21 for dependent special districts and MSTUs, entering their current year proposed taxes.
22. Sum the total current year proposed taxes in Line 22 by adding Line 19 and Line 21.
23. Calculate total maximum taxes in Line 23 from dependent special districts and MSTUs.
24. Determine total taxes at the maximum millage rate in Line 24 by adding Line 20 and Line 23.
25. Confirm whether total current year proposed taxes in Line 22 are equal to or less than total taxes levied in Line 24 by checking the appropriate box in Line 25.
26. Sign and date the form at the bottom, including the contact name, title, mailing address, physical address, phone number, and fax number.
27. Save your changes, then download, print, or share the completed form as needed.

Begin filling out your FL DR-420MM online today for a smooth submission process.