These are taxes paid to the Town and State on the sale of real estate. They are generally paid by the seller from the closing and given to the town clerk when the transaction is recorded.
State Conveyance Taxes
State Conveyance Taxes are paid to the State of Connecticut, Commissioner of Revenue Services. Based upon sales price, they are three quarters of one percent of the sales price up to $800,000.00; one and a quarter percent for everything over $800,000.00; and a 2.25% rate applies to any portion of a residential dwelling’s sales price that exceeds $2.5 million.
Local Conveyance Taxes
Paid to the city or town where the property is located. They are 0.25% of the sales price except as noted below.
- The rate in Stamford is 0.35%.
- Certain other towns are allowed to charge one half of one percent. These towns are: Bloomfield, Bridgeport, Bristol, East Hartford, Groton, Hamden, Hartford, Meriden, Middletown, New Britain, New Haven, New London, Norwalk, Norwich, Southington, Waterbury and Windham.