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Taxes in Hawaii
Personal Income
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Per Capita Tax Collections

Summary of Taxes Imposed in Hawaii

CONVEYANCE TAX (Chapter 247)On actual and full consideration paid for the transfer of realty, including leases and subleases, a tax of 10 per $100 is imposed for conveyances under $600,000; 20 per $100 for conveyances between $600,000 and $1 million; and 30 per $100 for conveyances in excess of $1 million.  Also imposes a conveyance tax for condominiums or single family residences that do not qualify for a homeowners= exemption:  15 per $100 for properties valued up to $600,000; 25 per $100 for properties valued between $600,000 and $1 million; and 35 per $100 for properties valued at over $1 million.  Minimum tax on each transaction is $1.00. Certain exemptions are allowed.

Distribution: 35% to state general fund, 10% to the land conservation fund, 30% into the rental housing trust fund, and 25% into the natural area reserve fund.

SOURCE: Compiled by the Tax Foundation of Hawaii from the Hawaii Revised Statutes (1968), as amended, and Revised Ordinances for various counties. Consult the statute, ordinance, rules, or regulations for specific cases or circumstances.

Last Revised: July 1, 2005

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