What is the state conveyance tax on a property that sells for $250,000 in Hawaii?

To determine the state conveyance tax on a property that sells for $250,000 in Hawaii, it is important to understand how this tax is calculated. The conveyance tax in Hawaii is based on the selling price of the property, and the rates can vary depending on the price range of the sale.

For sales under $600,000, the rate is assessed at $0.10 per $100 of the sale price. Therefore, for a property sold at $250,000, this calculation can be performed as follows:

1. Convert the sale price to the rate unit: $250,000 divided by $100 equals 2,500.

2. Multiply this number by the tax rate: 2,500 times $0.10 equals $250.

Thus, the total state conveyance tax due for a property sold at $250,000 would indeed be $250. This is why the answer is correct, as it accurately follows the pricing structure set by the state of Hawaii for conveyance tax. Understanding this formula and the applicable rates is crucial for anyone involved in real estate transactions in Hawaii.