Unique to Hawaii – The Conveyance Tax
Living in Hawaii is a wonderful experience. Having a home on the Big Island is very unique – the differences are not only the beautiful scenery and luxury properties – but the way property taxes work in Hawaii are a little different too. Hawaii’s Conveyance Tax is a price example.
Hawaii, at the state level, collects a conveyance tax on every sold property. Every real estate transaction has a Conveyance Tax. The tax itself, is paid out of closing and is deducted from any proceeds the seller will receive. In real estate… Read More