State Government Tax Collections, Documentary and Stock Transfer Taxes in Hawaii
HIDOCUTAX • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
97,411.00
Year-over-Year Change
140.09%
Date Range
1/1/1955 - 1/1/2024
Summary
This economic trend measures documentary and stock transfer tax collections by the state government of Hawaii. It provides insights into revenue from property transactions and market activity within the state.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
Documentary and stock transfer taxes are levied by the state government on real estate and financial instrument transfers. This data series tracks the revenue generated from these taxes, which can indicate broader trends in the local housing and financial markets.
Methodology
The data is collected through state government tax administration and revenue reporting.
Historical Context
Policymakers and analysts use this metric to assess the health of Hawaii's property and investment sectors.
Key Facts
- Hawaii levies a 0.15% documentary tax on real estate transfers.
- Stock transfer taxes in Hawaii are 0.2% of the transaction value.
- Documentary and stock transfer taxes generated $91 million in revenue for Hawaii in 2021.
FAQs
Q: What does this economic trend measure?
A: This metric tracks the tax revenue collected by the state of Hawaii on real estate transactions and stock/security transfers.
Q: Why is this trend relevant for users or analysts?
A: This data provides insights into the health and activity levels of Hawaii's property and financial markets, which are important for policymakers and economic analysts.
Q: How is this data collected or calculated?
A: The data is collected through state government tax administration and revenue reporting.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health of Hawaii's property and investment sectors, which can inform policy decisions.
Q: Are there update delays or limitations?
A: The data is published with a lag of several months, so it may not reflect the most recent economic conditions.
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Citation
U.S. Federal Reserve, State Government Tax Collections, Documentary and Stock Transfer Taxes in Hawaii (HIDOCUTAX), retrieved from FRED.