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.
References in periodicals archive ?
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.
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.