In some jurisdictions, the conveyance tax increases as the property's sale price increases; while in others, it is a flat rate. The conveyance tax rate may also depend on the type of property (e.g., residential, nonresidential, unimproved land, etc.). While state and municipal conveyance taxes are common, there are no applicable federal conveyance taxes.
Investment dictionary. Academic. 2012.
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Conveyance — A written instrument, such as a deed or lease, that transfers some ownership interest in real property from one person to another. You are typically charged a conveyance tax on the transfer … Investment dictionary
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tax deed — A deed evidencing the conveyance of title to premises sold at a sale for the nonpayment of taxes assessed thereon, which is ordinarily executed by the tax collector and by him delivered to the purchaser at the sale. In some jurisdictions the deed … Ballentine's law dictionary
Voluntary Conveyance — Transfer of title from a delinquent homeowner to a lender to satisfy the balance on a loan in default. The delinquent borrower transfers title on a voluntary basis, in order to avoid foreclosure. Voluntary conveyance also refers to a transfer of… … Investment dictionary
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