What was the total sale amount of property if a deed states the purchase price as "$20 and other good and valuable consideration" and $192.50 was paid for state conveyance tax?

The total sale amount of the property can be best understood by interpreting what is typically recorded in transactions for property sales. In real estate, the phrase "$20 and other good and valuable consideration" is a legal way to state that the buyer has agreed to a nominal amount, which in this case is $20, but it does not reflect the true value of the property being sold.

The significant factor to focus on in this scenario is the payment of $192.50 for state conveyance tax. This tax is based on the actual sale price of the property, rather than the nominal amount stated in the deed. In Hawaii, the conveyance tax is calculated on the full sale price of the real estate, and this tax gives a clearer indication of the property's value in the context of the transaction.

Therefore, while the deed lists $20, the true sale amount of the property aligns with the calculation of the conveyance tax. Under typical conditions, if the conveyance tax of $192.50 is based on an established rate per thousand dollars of property value, this amount corresponds to a total sale price, leading to a sale amount of $192,500.

Thus, understanding the implications of the conveyance tax in relation to the recorded sale price