BEGIN:VCALENDAR VERSION:2.0 PRODID:-//jEvents 2.0 for Joomla//EN CALSCALE:GREGORIAN METHOD:PUBLISH BEGIN:VTIMEZONE TZID:America/New_York X-LIC-LOCATION:America/New_York BEGIN:DAYLIGHT TZOFFSETFROM:-0500 TZOFFSETTO:-0400 TZNAME:EDT DTSTART:19700308T020000 RRULE:FREQ=YEARLY;BYMONTH=3;BYDAY=2SU END:DAYLIGHT BEGIN:STANDARD TZOFFSETFROM:-0400 TZOFFSETTO:-0500 TZNAME:EST DTSTART:19701101T020000 RRULE:FREQ=YEARLY;BYMONTH=11;BYDAY=1SU END:STANDARD END:VTIMEZONE BEGIN:VEVENT UID:2d8a4869f173918fd8d1ae15df90031c7 CATEGORIES:DEO Compliance SUMMARY:Truth-In-Millage Form DR421 DESCRIPTION:
The Truth-in-Millage Act of 1980 requires taxing authorities to inform t axpayers which governmental entity is responsible for the taxes levied and the tax liability amount they owe to each taxing entity. Truth-in-Millage i s often referenced as "TRIM." Special districts with the authority to levy property taxes, but will not do so during the year, must comply with the fo llowing reporting requirement:
• Truth-in-Millage Form (DR-421) – File w
ith the Florida Department of Revenue annually by the 1st of November. Othe
rwise, the Truth-in-Millage process requires a series of public hearings fo
r open discussion of budget and millage rates of taxing authorities. At the
se public hearings, elected officials must explain:
o How they
computed tax figures
o Why they are seeking tax increases