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CT Real Estate Conveyance Tax Rates                    Effective Until - June 30,2008*
 
Municipal Tax State Tax Total Tax
Residential
     $800,000 or less 0.25%** 0.5% 0.75%
     Portion over $800,000 0.25%** 1.0% 1.25%
Non-Residential 0.25%** 1.0% 1.25%
 
*On March 15, 2003 the Legislature increased the municipal conveyance tax from 0.11% to 0.25%. It was supposed to return to 0.11% on July 1, 2005, but the Legislature extended the sunset until June 30, 2008.
 
** A local option for “targeted communities” allows the municipality to charge double the rate to 0.5%. The following Eastern Connecticut communities have adopted the increased tax: Groton, New London, Norwich, Windham
 
 
Residential Examples
 
$300,000 Sale In Ledyard
  • Municipal Tax = $300,000 x 0.25% = $750.00
  • State Tax = $300,000 x 0.5% = $1,500.00
  • Total Tax = $2,250.00
 
$300,000 Sale In Norwich (Targeted Community)
  • Municipal Tax = $300,000 x 0.5% = $1,500.00
  • State Tax = $300,000 x 0.5% = $1,500.00
  • Total Tax = $3,000.00
 
$1,000,000 Sale In Ledyard
  • Municipal Tax = $1,000,000 x 0.25% = $2,500.00
  • State Tax = $800,000 x 0.5% = $4,000.00
  • State Tax = $200,000 x 1.0% = $2,000.00
  • Total Tax = $8,500.00
 
$1,000,000 Sale In Norwich (Targeted Community)
  • Municipal Tax = $1,000,000 x 0.5% = $5,000.00
  • State Tax = $800,000 x 0.5% = $4,000.00
  • State Tax = $200,000 x 1.0% = $2,000.00
  • Total Tax = $11,000.00