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Conveyance Tax

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Conveyance Tax
A tax that a government (usually a local government) imposes on the transfer of real estate. See also: Stamp duty.


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The building was empty in the mid-1990s after General Motors shut down its ball-bearing manufacturing operation there, but the recent sale has been profitable for the community as well, generating $302,500 to Bristol in conveyance tax alone.
Driven by strong real estate conveyance tax receipts and prudent revenue estimates, audited results for fiscal 2006 show a general fund operating surplus of $1.
Driven by better tax collections, strong real estate conveyance tax receipts, and prudent revenue estimates, audited results for fiscal 2005 show a general fund operating surplus at a record $11 million, contributing to the unreserved general fund balance at a strong 13.
 
 
 
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