Florida Regulations 12D-8.022: Reporting of Fiscal Data by Fiscally Constrained Counties to the Department of Revenue
Current as of: 2024 | Check for updates
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(1) This rule applies to counties that meet the fiscally constrained definition in Florida Statutes § 218.67(1) Under Sections 218.12 and 218.125, F.S., these counties are required to apply for a distribution of funds appropriated by the Legislature for each of the following purposes:
(a) Offsetting reductions in property tax revenues occurring as a direct result of the implementation of revisions to Article VII, Florida Constitution approved in the special election held on January 29, 2008. These reductions include the additional $25,000 homestead exemption, the $25,000 tangible personal property exemption, homestead assessment difference transferability, and the 10 percent assessment increase limitation on nonhomestead property.
(b) Offsetting reductions in property tax revenues occurring as a direct result of the implementation of revisions to ss. 3(f) and 4(b) of Article VII, Florida Constitution, approved in the general election held in November 2008. These reductions include the exemption for real property dedicated in perpetuity for conservation purposes and classified use assessments for land used for conservation purposes.
(2) An application must be filed with the Department of Revenue on Form DR-420FC, incorporated by reference in Fl. Admin. Code R. 12D-16.002
(3) Each fiscally constrained county must provide the completed form to the Department of Revenue by November 15 each year. The form must be prepared by the county property appraiser. The following is a summary of the information required on the form:
(a) An estimate of the reduction in taxable value for all county government taxing jurisdictions directly attributable to revisions to Article VII, Florida Constitution approved in the special election held on January 29, 2008. This estimate must be based on values comparable to those certified on Form DR-420, incorporated by reference in Fl. Admin. Code R. 12D-16.002;
(b) An estimate of the reduction in taxable value for all county government taxing jurisdictions directly attributable to revisions to ss. 3(f) and 4(b) of Article VII, Florida Constitution, approved in the general election held in November 2008. This estimate must be based on values comparable to those certified on Form DR-420;
(c) Millage rates for all county government taxing jurisdictions as included on the tax roll extended according to Florida Statutes § 193.122, for all these jurisdictions for both the current and prior year;
(d) Rolled-back rates, if available, for each jurisdiction determined as provided in Florida Statutes § 200.065, and included on Form DR-420 by each taxing jurisdiction;
(e) Maximum millage rates, if available, for each jurisdiction that could have been levied by a majority vote as included on Form DR-420MM, Maximum Millage Levy Calculation – Final Disclosure, by each taxing jurisdiction. Form DR-420MM is incorporated by reference in Fl. Admin. Code R. 12D-16.002
(4) The calculation of each distribution of appropriated funds must include both operating and debt service levies, including millages levied for two years or less under Fla. Const. Art. VII, § 9(b),.
Rulemaking Authority Florida Statutes § 195.027(1), 213.06(1) FS. Law Implemented 200.065, 218.12, 218.125, 218.67 FS. History-New 11-1-12.
Terms Used In Florida Regulations 12D-8.022
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- Personal property: All property that is not real property.
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
(b) Offsetting reductions in property tax revenues occurring as a direct result of the implementation of revisions to ss. 3(f) and 4(b) of Article VII, Florida Constitution, approved in the general election held in November 2008. These reductions include the exemption for real property dedicated in perpetuity for conservation purposes and classified use assessments for land used for conservation purposes.
(2) An application must be filed with the Department of Revenue on Form DR-420FC, incorporated by reference in Fl. Admin. Code R. 12D-16.002
(3) Each fiscally constrained county must provide the completed form to the Department of Revenue by November 15 each year. The form must be prepared by the county property appraiser. The following is a summary of the information required on the form:
(a) An estimate of the reduction in taxable value for all county government taxing jurisdictions directly attributable to revisions to Article VII, Florida Constitution approved in the special election held on January 29, 2008. This estimate must be based on values comparable to those certified on Form DR-420, incorporated by reference in Fl. Admin. Code R. 12D-16.002;
(b) An estimate of the reduction in taxable value for all county government taxing jurisdictions directly attributable to revisions to ss. 3(f) and 4(b) of Article VII, Florida Constitution, approved in the general election held in November 2008. This estimate must be based on values comparable to those certified on Form DR-420;
(c) Millage rates for all county government taxing jurisdictions as included on the tax roll extended according to Florida Statutes § 193.122, for all these jurisdictions for both the current and prior year;
(d) Rolled-back rates, if available, for each jurisdiction determined as provided in Florida Statutes § 200.065, and included on Form DR-420 by each taxing jurisdiction;
(e) Maximum millage rates, if available, for each jurisdiction that could have been levied by a majority vote as included on Form DR-420MM, Maximum Millage Levy Calculation – Final Disclosure, by each taxing jurisdiction. Form DR-420MM is incorporated by reference in Fl. Admin. Code R. 12D-16.002
(4) The calculation of each distribution of appropriated funds must include both operating and debt service levies, including millages levied for two years or less under Fla. Const. Art. VII, § 9(b),.
Rulemaking Authority Florida Statutes § 195.027(1), 213.06(1) FS. Law Implemented 200.065, 218.12, 218.125, 218.67 FS. History-New 11-1-12.