State and municipal conveyance tax for a Connecticut sale. Pick the property type: houses and condominiums use marginal brackets, and everything else is taxed flat on the full price.
In most Connecticut residential sales the seller pays the conveyance taxes, unless an exemption, special rule, or negotiated contract term applies. General information, not legal advice.
The state tax on a residential dwelling is marginal: 0.75% on the first $800,000, 1.25% from $800,000 to $2,500,000, and 2.25% above that. Commercial property is a flat 1.25% on the full price, and unimproved land and non-dwelling residential property are a flat 0.75%.
The municipal tax is 0.25% in most towns. Sixteen municipalities charge 0.50%, two eligible towns charge the base rate anyway, and Stamford charges a stepped rate that applies to the entire price. Seewhich towns charge more.
Source:OLR Report 2020-R-0020,Real Estate Conveyance Tax, Tables 1 and 2.