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DR420
R. 5/12
Rule 12D16.002
Florida Administrative Code
Effective 11/12CERTIFICATION OF TAXABLE VALUE
Year :County :2018Principal Authority :
FLAGLER BEACHVOLUSIATaxing Authority
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How to fill out current year taxable value
How to fill out current year taxable value
01
Gather all necessary documents such as W-2 forms, 1099s, and other income records.
02
Calculate your total income for the current year by adding up all the sources of income.
03
Determine your eligible deductions such as mortgage interest, student loan interest, and any other applicable deductions.
04
Subtract the deductions from your total income to find your adjusted gross income (AGI).
05
Apply any applicable tax credits to reduce your tax liability.
06
Consult the current year's tax brackets to determine your tax rate.
07
Multiply your AGI by your tax rate to calculate your tentative tax liability.
08
Subtract any tax withholdings or estimated tax payments you have made throughout the year.
09
The result is your current year taxable value.
Who needs current year taxable value?
01
Individuals who are required to file an income tax return need to know their current year taxable value.
02
Tax professionals and accountants also need this information to accurately prepare tax returns for their clients.
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What is current year taxable value?
The current year taxable value is the assessed value of a property for tax purposes in the current year.
Who is required to file current year taxable value?
Property owners are typically required to file the current year taxable value with their local tax authority.
How to fill out current year taxable value?
Property owners can typically fill out the current year taxable value form provided by their local tax authority.
What is the purpose of current year taxable value?
The purpose of the current year taxable value is to determine the amount of property taxes owed on a specific property.
What information must be reported on current year taxable value?
Property owners must typically report details about their property, such as its size, location, and any improvements made.
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