How much is the conveyance tax on a typical Old Lyme home sale?

On Old Lyme's median single-family or condominium sale of $615,000, the state and town conveyance tax comes to $6,150: $4,613 to the state and $1,538 to the town.

What do homes sell for in Old Lyme, CT?

The median arm's-length single-family or condominium sale in Old Lyme was $615,000 between October 2023 to September 2024. The middle half of sales fell between $465,000 and $762,500.

Who pays the conveyance tax when a home sells in Old Lyme?

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.

Old Lyme CT Conveyance Tax & Home Prices

Municipal rate: 0.25%
Median home sale: $615,000
Conveyance tax at the median: $6,150
Home sales, 2023–24: 100

What Old Lyme charges

Old Lyme 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 Old Lyme’s median home sale of $615,000, that is $4,613 to the state and $1,538 to the town, or $6,150 in all.

Home sale prices in Old Lyme

Old Lyme did not report its 2024–25 sales to the state, which is usual for a town in a revaluation year, so the figures on this page are from the year before: October 2023 to September 2024.

100 single-family homes and condominiums sold at arm's length in Old Lyme between October 2023 to September 2024. The median was $615,000, and the middle half of sales fell between $465,000 and $762,500.

Type	Sales	Median
Single-family	91	$616,000
Condominium	9	Too few

The median moved from $352,000 in the 2015 list year to $615,000 in 2023, a change of +75 percent.

Median single-family and condominium sale, Old Lyme, by list year (a list year runs October to September). Arm’s-length sales only. A break in the line is a year the town reported no sales to the state, usually its revaluation year. Source: Connecticut Office of Policy and Management sales data.

21 of the 2023–24 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 Old Lyme

Run sale by sale at today’s rates, Old Lyme’s 2023–24 home sales carried an estimated $716,489 in conveyance tax: $547,887 to the state and $168,602 to the town. That ranks 80 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
East Lyme	0.25%	$496,250	$4,963
Essex	0.25%	$605,000	$6,050
Lyme	0.25%	$649,000	$6,490
Old Saybrook	0.25%	$661,750	$6,618

Old Lyme in dark green, the towns next to it in light green. Every town on the map opens its own page. Boundaries: U.S. Census Bureau 2023 cartographic boundary file, public domain.

Common questions

What is the conveyance tax in Old Lyme, CT?: Old Lyme 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 Old Lyme home sale?: On Old Lyme's median single-family or condominium sale of $615,000, the state and town conveyance tax comes to $6,150: $4,613 to the state and $1,538 to the town.
What do homes sell for in Old Lyme, CT?: The median arm's-length single-family or condominium sale in Old Lyme was $615,000 between October 2023 to September 2024. The middle half of sales fell between $465,000 and $762,500.
Who pays the conveyance tax when a home sells in Old Lyme?: 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.