If the state takes part of a property for a highway, what is the conveyance tax charged?

When the state takes part of a property for public use, such as for a highway project, this usually falls under the condemnation or eminent domain process. In these cases, conveyance tax is not applicable because there is no traditional sale occurring between a willing buyer and a seller. Instead, the state is exercising its right to acquire property for public benefit, and the transaction does not facilitate a change of ownership in a manner that would typically be taxed.

Conveyance taxes are generally assessed when a property changes hands through a voluntary transaction. However, when the government takes land through eminent domain, the property owner is compensated but not engaged in a sale, which is why the conveyance tax is set at zero in this context. This reinforces the principle that the taxation structure differentiates between voluntary sales and government actions for public use, indicating why the other amounts suggested would not be appropriate here.