Conveyance Tax

Conveyance Tax

A tax that a government (usually a local government) imposes on the transfer of real estate. See also: Stamp duty.
References in periodicals archive ?
It would increase the state's real estate conveyance tax from$2to$2.
For people that refinanced they may find that after they pay the mortgage, the capital gains tax, the Medicare investment tax, the Connecticut conveyance tax, real estate commissions and legal fees that the funds that they were depending on for retirement are substantially smaller than they expected and could even be a loss.
Examples hereof are the collective cases against T-Mobile, DSB Bank, the Staatsloterij and against the conveyance tax for national monuments.
The Eastern Connecticut Association of Realtors is collaborating with the Builders Association of Eastern Connecticut in opposing a state Senate bill which would impose a 1 percent conveyance tax on homebuyers.
July 23 date stamps on conveyance tax records and deed papers filed with the clerk's office indicate the deal was closed late last week.
The Appeals Court of Massachusetts looked to legislative intent when determining that the specific use of land for a residence of the owner does not convert the property from an agricultural or horticultural use thereby triggering a conveyance tax.
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.
6% five-year average, the town conservatively budgeted for building permit and conveyance tax revenues, which to date have trended higher than anticipated and lowered interest earning expectations.
8% operating deficit after transfers in fiscal 2009 primarily due to a sizable negative variance in its real estate conveyance tax.
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.
5 million appropriation in general fund balance is budgeted for fiscal 2006, officials do not currently anticipate such use given the stability in property tax collections and the strong performance of real estate conveyance tax receipts.