Florida Statute 199.133 - Full Text and Legal Analysis

The 2025 Florida Statutes

Title XIV
TAXATION AND FINANCE

Chapter 199
INTANGIBLE PERSONAL PROPERTY TAXES

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F.S. 199.133

199.133 Levy of nonrecurring tax.—

(1) A one-time nonrecurring tax of 2 mills is hereby imposed on each dollar of the just valuation of all notes, bonds, and other obligations for payment of money which are secured by mortgage, deed of trust, or other lien upon real property situated in this state. This tax shall be assessed and collected as provided by this chapter.

(2) The nonrecurring tax shall apply to a note, bond, or other obligation for payment of money only to the extent it is secured by mortgage, deed of trust, or other lien upon real property situated in this state. Where a note, bond, or other obligation is secured by personal property or by real property situated outside this state, as well as by mortgage, deed of trust, or other lien upon real property situated in this state, then the nonrecurring tax shall apply to that portion of the note, bond, or other obligation which bears the same ratio to the entire principal balance of the note, bond, or other obligation as the value of the real property situated in this state bears to the value of all of the security; however, if the security is solely made up of personal property and real property situated in this state, the taxpayer may elect to apportion the taxes based upon the value of the collateral, if any, to which the taxpayer by law or contract must look first for collection. In no event shall the portion of the note, bond, or other obligation which is subject to the nonrecurring tax exceed in value the value of the real property situated in this state which is the security.

History.—s. 10, ch. 85-342; s. 10, ch. 2006-312.

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Amendments to 199.133

Annotations, Discussions, Cases:

Cases Citing Statute 199.133

Total Results: 6

Rodash v. AIB Mortgage Co.

16 F.3d 1142

Court of Appeals for the Eleventh Circuit | Filed: Mar 21, 1994 | Docket: 64016330

Cited 16 times | Published

intangible tax is 0.2 percent. Fla.Stat.Ann. § 199.133(1) (West 1989). Multiplying the amount of the

Nussbaum v. Mortgage Service America Co.

913 F. Supp. 1548, 1995 U.S. Dist. LEXIS 20131, 1995 WL 798521

District Court, S.D. Florida | Filed: Dec 19, 1995 | Docket: 894306

Cited 14 times | Published

respect to the nonrecurring tax imposed pursuant to § 199.133, that taxpayer shall be solely liable for payment

Nikooie v. JPMorgan Chase Bank, N.A.

183 So. 3d 424, 2014 Fla. App. LEXIS 20020, 2014 WL 6911148

District Court of Appeal of Florida | Filed: Dec 10, 2014 | Docket: 2613274

Cited 2 times | Published

other real property situated in this state.” § 199.133(1), Fla. Stat. (2005). The practical effect of

Great Western Bank v. Shoemaker

695 So. 2d 805, 1997 WL 253030

District Court of Appeal of Florida | Filed: May 16, 1997 | Docket: 425338

Cited 1 times | Published

DCA 1995), that Florida's intangible tax, section 199.133, Florida Statutes (1995), may be excluded from

First Coast Community Bank v. Cheshire Contractors of Nassau, Inc.

863 So. 2d 362, 2003 Fla. App. LEXIS 17725, 2003 WL 22735473

District Court of Appeal of Florida | Filed: Nov 21, 2003 | Docket: 64827464

Published

mortgage are set by other statutes, such as section 199.133, Florida Statutes, without limitation as to

West Flagler Associates, Ltd. v. Department of Revenue

633 So. 2d 555, 1994 Fla. App. LEXIS 2283, 1994 WL 81884

District Court of Appeal of Florida | Filed: Mar 15, 1994 | Docket: 64746939

Published

reverse. The question before us is whether section 199.133, Florida Statutes (1989), applies to an unconditional