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  1. The real estate conveyance tax has two parts: a state tax and a municipal tax. The applicable state and municipal rates are added together to get the total tax rate for a particular property conveyance. The combined rate is applied to the property’s sales price.

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  2. Real Estate Conveyance Tax Rate Beginning July 1, 2020 (cite: Public Acts 19-117, § 337), there is a new marginal real estate conveyance tax rate of 2.25% on consideration for residential real property exceeding $2,500,000. The marginal tax brackets for residential real property are as follows: Up to and including $800,000: 0.75%

  3. Legislation exempts from the real estate conveyance tax deeds of property with dwelling units where all such units are deed restricted as affordable housing. The legislation is effective July 1, 2023.

  4. 1. The State Conveyance Tax is 0.75% of the sales price for properties with a sales price that is $800,000.00 or less. 2. For a property with a sales price of $2,500,000.00 or less the first $800,000.00 is taxed at 0.75% while the portion that exceeds $800,000.00 is taxed at a rate of 1.25%.

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  5. Feb 27, 2002 · Sixteen years later, the legislature added the state component of the conveyance tax and fixed the rate for the towns and the state. It set the municipal rate at $1.10 for every $1,000 and the state rate at 0.5% of the purchase price.

  6. Transfers of residential property in Connecticut are generally subject to real estate conveyance tax paid by the seller. This rate is set by the State of CT and applies to all 169 municipalities. The current graduated tax rates are 0.75 percent of the purchase price for conveyances of $800,000 or less and 1.25 percent on any portion of the ...

  7. (1), increasing tax on residential estate sold for more than $800,000 from .50% to .75% on the portion of sales price up to $800,000, and from 1% to 1.25% on the portion in excess of $800,000 in Subdiv. (2), and increasing tax on conveyance to a financial institution of a property with a delinquent mortgage from 0.50% to 0.75% in Subdiv.

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