What is Connecticut's real estate conveyance tax rate?

Connecticut charges a tiered state conveyance tax on residential property: 0.75 percent on the portion up to 800,000 dollars, 1.25 percent on the portion from 800,000 to 2.5 million, and 2.25 percent on any portion above 2.5 million. A separate municipal tax applies on top.

Who pays the conveyance tax in Connecticut?

The seller (grantor) is responsible for the Connecticut conveyance tax. It is collected at closing when the deed is recorded, so it reduces the seller's net proceeds rather than adding to the buyer's costs.

What is the municipal conveyance tax?

Connecticut towns add a municipal conveyance tax on top of the state tax. The standard municipal rate is 0.25 percent, but designated targeted-investment communities are allowed to charge up to 0.5 percent, so the local rate varies by town.

Is the higher 2.25 percent rate a mansion tax?

Effectively, yes. The 2.25 percent top tier acts like a mansion tax, applying only to the portion of a residential sale price above 2.5 million dollars. The lower portions are still taxed at the 0.75 and 1.25 percent rates, so the tax is marginal by band.

Are any transfers exempt from the conveyance tax?

Connecticut exempts certain transfers, such as those to government entities, some deeds of correction, and qualifying transfers between spouses or related parties. This calculator assumes a standard taxable arm's-length sale; confirm exemptions with your closing attorney.

Connecticut Real Estate Transfer Tax Calculator

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When you sell a home in Connecticut, the seller pays a conveyance tax made up of a tiered state rate (0.75% to 2.25% on residential property) plus a municipal rate (0.25%, or up to 0.5% in some towns). This tool estimates the total transfer tax due at closing.

How it works

The state conveyance tax is marginal — each band of the price is taxed at its own rate — and the municipal tax is a flat percentage of the whole price:

state tax = 0.75% × portion up to 800,000
          + 1.25% × portion from 800,000 to 2,500,000
          + 2.25% × portion above 2,500,000
municipal = municipal rate × sale price
total     = state tax + municipal

The top 2.25% tier behaves like a mansion tax, hitting only the portion of the price above 2.5 million dollars. The seller normally pays the whole thing.

Example and notes

A 1,000,000 dollar home with a 0.25% municipal rate: the state tax is 0.0075 × 800,000 + 0.0125 × 200,000 = 6,000 + 2,500 = 8,500, and the municipal tax is 0.0025 × 1,000,000 = 2,500, for a total of 11,000 dollars. Targeted investment communities can charge a higher municipal rate. Certain transfers are exempt — confirm with your closing attorney before relying on the figure.