Finance
What is the Hawaii conveyance tax rate for residential property sold for more than $600,000 but not more than $1,000,000?
AA. $0.10 per $100
BB. $0.20 per $100✓ Correct
CC. $0.50 per $100
DD. $1.00 per $100
Explanation
Hawaii's conveyance tax is graduated. For residential property between $600,001 and $1,000,000, the rate is $0.20 per $100 of consideration (or $2.00 per $1,000).
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