Subject:
Title
Adoption of Proposed FY 2021-2022 Ad Valorem Millages
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Fiscal Impact:
Proposed millage rates and associated tax revenues are included in the attachment.
Dept/Office:
Budget Office
Requested Action:
Recommendation
It is requested that the FY 2021-2022 Proposed Millages be approved for the purpose of notification to taxpayers by the Brevard County Property Appraiser. It is also recommended that the County Manager be instructed to complete the Florida Department of Revenue’s Certifications of Taxable Value, Forms DR-420.
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Summary Explanation and Background:
Florida Truth in Millage (TRIM) requires the Board set the proposed millages for the County’s property tax levies no later than August 4, 2021. The Property Appraiser will be advised of the millage rates set at this public hearing through completion of the Florida Department of Revenue’s Certification of Taxable Value, Forms DR-420. The millages approved at this meeting will be delivered to the Property Appraiser for inclusion in the TRIM "Notice of Proposed Property Taxes." This Notice provides the taxpayers with their official notice regarding the first public hearing on the FY 2021-2022 budget, and the proposed millages. The Notice also provides taxpayers with the current assessment of their property and the potential revenue generated from the proposed millages on their taxes. The first public hearing on the FY 2021-2022 budget will be held on September 13, 2021 at 5:30 pm.
Once the proposed millages are approved, millages may be reduced or increased at the subsequent public hearings. If the millages are increased, a second notice would be required to be sent to all property owners, at the expense of the taxing authority.
After today’s public hearing and the approval of the County’s proposed millages, the following steps remain in the FY 2021-2022 millage and budget adoption process.
1. No later than August 4, 2021, the Budget Office will provide executed copies of the Certification of Taxable Value to the Property Appraiser.
2. On or before August 24, 2021, the Property Appraiser will mail the “2021 Notice of Proposed Property Taxes” to all Brevard County property owners.
3. On September 13, 2021, at 5:30 pm, the Board of County Commissioners will conduct its first public hearing on the millages and budget. The formal adoption of the tentative millages and adoption of the tentative budget will take place at this public hearing.
4. On September 17, 2021, the second public hearing will be advertised in the newspaper.
5. The Board will conduct the final public hearing on the millages and the budget on September 21, 2021 at 5:30 pm. Adoption of the millages and budget by separate resolutions will take place at this final public hearing
Clerk to the Board Instructions:
Maintain information for records retention.