For a taxable sale of $2,000 or more, Connecticut charges real-estate conveyance tax when the deed is recorded. For a home, the state rate is 0.75% on the price up to $800,000, 1.25% on the portion from $800,000 to $2.5 million, and 2.25% on any portion above $2.5 million. Every town also has a 0.25% municipal tax; some eligible towns may add up to another 0.25%.
The seller owes the tax by law, and it is paid when the deed is recorded. The closing attorney confirms the rate and any exemption for the transaction. When you sell to us, we pay the closing costs, including the Connecticut state and municipal real estate conveyance taxes. Mortgage balances, liens, back taxes, and your share of current property taxes are separate.