Conveyance Tax

(redirected from Conveyance Taxes)

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 ?
The sale netted $275,000 in conveyance taxes for New London, an amount that City Clerk Michael J.
The fee is nearly three-quarters of the estimated $375,000 that Mayor Rob Pero said was budgeted for conveyance taxes throughout the fiscal year that started in July.
A report at the time said the deal brought in more than $200,000 in conveyance taxes for the city and more than $400,000 for the state.
Similar to other New England communities, the town's finances were stressed in 2009 as a result of the downturn in the economy, but management was able to curtail spending and overtime payroll, as well as reduce staff to offset the increased health and employee costs and decreases in conveyance taxes, building permits and investment income.
Reflecting the city's prudent budgeting practices, economically sensitive investment income, building permit fees, and conveyance taxes ended the year near or above budgeted amounts.
Officials believe that its ongoing hiring freeze should offset weak revenues from interest income, conveyance taxes, and building permits in the current fiscal year.
Stronger than planned oil companies and personal income tax collections earlier in the year are offsetting higher refunds, weakness in corporate income taxes, real estate conveyance taxes and Indian gaming payments, and a lower forecast for federal grants.
Actual collections for personal income and corporation taxes have been stronger than forecast during the first four months of FY2007, offsetting shortfalls in sales and real estate conveyance taxes.
Actual collections for personal income and corporation taxes have been stronger than forecast during the first four months of fiscal 2007, offsetting shortfalls in sales and real estate conveyance taxes.