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 ?
The State Legislature established the Land Conservation Fund in 2005 to provide permanent adequate funding for land conservation by dedicating proceeds from the real estate conveyance tax to the Fund.
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.
A few months after the permit was granted, a conveyance tax of $61,709 was assessed on a portion of their land.
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.
The HBA of Connecticut is vigorously opposing the doubling of the State's conveyance tax to offset the state's budget deficit.
It would increase the state's real estate conveyance tax from$2to$2.30per$500of property worth to help fund housing for the homeless and lead paint abatement.
And, in Connecticut, the HBA of Connecticut is vigorously opposing the doubling of the state's conveyance tax on home sales to offset the state's budget deficit.
Transfer taxes can refer to documentary stamp taxes, including real estate conveyance taxes, controlling interest transfer taxes, or other taxes that are attributable to the acquisition.
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.