Connecticut Conveyance TaxesThe Sellers are responsible at the time of closing to pay a tax to both the State of Connecticut and the local municipality for the conveyance of the property. The rate of the tax to the State of Connecticut is ½ of one percent (0.5) of the purchase price of the property up to $800,000.00, and 1 percent (0.1) for all amounts over $800,000.00. The municipalities listed below charge ½ of one percent (0.5) of the purchase price:
The City of Stamford charges 0.35 of the purchase price for their municipal conveyance tax. All other municipalities in Connecticut charge the rate of ¼ of one percent (0.25) of the purchase price for their conveyance tax. |
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