Home Forums News & Announcements Conveyance Tax Increase 1/1/2022

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  • Karen Beattie
    Participant
    Post count: 9

    In case anyone hadn’t heard yet… the conveyance tax changed 1/1/2022 for sales over $800,000.

    Effective 1/1/2022:
    The tax is $2.30 for each $500 which is paid in consideration, including liens or encumbrances remaining at the time of sale, for the conveyance of property or the interest in an acquired real estate company.

    The tax is an additional $2.30 for each $500 greater than $800,000 which is paid in consideration…

    For manufactured homes the tax is $1.40 per $500 paid for the mobile or manufactured home.

    Salvatore Saccoccio
    Participant
    Post count: 18

    hasn’t it been 2.30/1000 since 2014??
    is this on top of the 4.60 a1ready in place???

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