- Municipal rate
- 0.25%
- Median home sale
- $450,000
- Conveyance tax at the median
- $4,500
- Home sales, 2024–25
- 338
What New Milford charges
New Milford charges the base municipal conveyance tax of 0.25% of the sale price, the rate most Connecticut towns charge.
The state adds its own tax on top. For a home or condominium it is 0.75% of the first $800,000 of the price, 1.25% of the portion from $800,000 to $2,500,000, and 2.25% of anything above that — see how the brackets work. In most Connecticut residential sales the seller pays both, unless an exemption or a contract term says otherwise; see who pays the conveyance tax.
On New Milford’s median home sale of $450,000, that is $3,375 to the state and $1,125 to the town, or $4,500 in all.
Home sale prices in New Milford
338 single-family homes and condominiums sold at arm's length in New Milford between October 2024 to September 2025. The median was $450,000, and the middle half of sales fell between $305,000 and $567,625.
| Type | Sales | Median |
|---|---|---|
| Single-family | 245 | $508,000 |
| Condominium | 93 | $245,000 |
The median moved from $269,250 in the 2016 list year to $450,000 in 2024, a change of +67 percent.
18 of the 2024–25 sales were priced above $800,000, where the state rate on the portion above rises to 1.25%, and 1 above $2,500,000, where it rises to 2.25%.
Conveyance tax paid in New Milford
Run sale by sale at today’s rates, New Milford’s 2024–25 home sales carried an estimated $1,612,930 in conveyance tax: $1,219,844 to the state and $393,086 to the town. That ranks 34 of the state’s 169 towns. The town-by-town study has every town and how the estimate is built.
Nearby towns
| Town | Municipal rate | Median sale | Tax at median |
|---|---|---|---|
| Bridgewater | 0.25% | $598,500 | $5,985 |
| Brookfield | 0.25% | $632,500 | $6,325 |
| Kent | 0.25% | $450,000 | $4,500 |
| New Fairfield | 0.25% | $530,000 | $5,300 |
| Roxbury | 0.25% | $1,378,000 | $16,670 |
| Sherman | 0.25% | $675,000 | $6,750 |
| Washington | 0.25% | $748,803 | $7,488 |
Common questions
- What is the conveyance tax in New Milford, CT?
- New Milford charges the base municipal conveyance tax of 0.25% of the sale price, the rate most Connecticut towns charge. The state adds its own tax on top: for a home or condominium, 0.75% of the first $800,000 of the price, 1.25% of the portion from $800,000 to $2,500,000, and 2.25% above that.
- How much is the conveyance tax on a typical New Milford home sale?
- On New Milford's median single-family or condominium sale of $450,000, the state and town conveyance tax comes to $4,500: $3,375 to the state and $1,125 to the town.
- What do homes sell for in New Milford, CT?
- The median arm's-length single-family or condominium sale in New Milford was $450,000 between October 2024 to September 2025. The middle half of sales fell between $305,000 and $567,625.
- Who pays the conveyance tax when a home sells in New Milford?
- In most Connecticut residential sales the seller pays both the state and the municipal conveyance tax, unless an exemption, a special rule or a contract term says otherwise.
Sources
- Primary sourceReal Estate Sales 2001-2024 GLConnecticut Office of Policy and Management, via data.ct.gov
- Primary sourceReal Estate Conveyance TaxConnecticut General Assembly, Office of Legislative Research
- Primary sourceConnecticut General Statutes § 12-494, Imposition of tax on conveyances of real propertyConnecticut General Assembly
Sale prices are single-family and condominium sales with no assessor non-use code, which leaves out family transfers, foreclosures and other sales that are not at a market price. Tax figures apply today’s rates. Data last updated by the state on 2026-08-12.
General information about Connecticut real estate transactions, not legal advice. Every transaction is different.