State Tax
Table 1 lists the state tax rates by property type. The rate is 0.75% of (1) the first $800,000 of the
sales price of a residential dwelling (i.e., single family home or condominiums); (2) the full sales
price of residential property other than residential dwellings (e.g., apartment buildings) and
unimproved land (including farm, forest, and open space land); and (3) the amount of unpaid
mortgage and interest on a property conveyed to a financial institution by a delinquent mortgagor.
A 1.25% rate applies to (1) sales of
nonresidential property other than
unimproved land and (2) any portion of
the sales price of a residential dwelling
that exceeds $800,000 and is less than
or equal to $2.5 million.
Beginning July 1, 2020, a 2.25% rate
applies to any portion of a residential
dwelling’s sales price that exceeds $2.5
million. However, certain taxpayers may
qualify for a state income tax credit for
the amount paid at the 2.25% rate, as
described further below.
Municipal Tax
The municipal tax can range from 0.25% to 0.5%, depending on the municipality in which the
property is located. The base rate is 0.25% for all municipalities, plus an additional tax of up to
0.25% if the property is located in an eligible municipality that has chosen to impose the increased
rate. Table 2 lists the 19 municipalities eligible to adopt
the increased rate, which comprise the 18 "targeted
investment communities" and a municipality with a
manufacturing plant that qualifies for enterprise zone
benefits (i.e., Bloomfield).
With the exception of Groton, Stamford, and Thomaston,
all of the eligible municipalities impose the maximum
0.25% additional conveyance tax. Stamford imposes an
additional tax of (1) 0.10% on properties sold for up to
$1 million and (2) 0.25% on all other properties. Groton
and Thomaston do not impose the additional tax.
Table 1: State Conveyance Tax Rates by Property Type
Residential dwelling (portion of sales price ≤ $800,000)
Other residential property
Property conveyed by a delinquent mortgagor
Nonresidential property (excluding unimproved land)
Residential dwelling (portion of sales price > $800,000
and ≤ $2.5 million)
Residential dwelling (portion of sales price > $2.5
million)
Table 2: Local Option Conveyance Tax
Bloomfield
Bridgeport
Bristol
East Hartford
Groton
Hamden
Hartford
Meriden
Middletown
New Britain
New Haven
New London
Norwalk
Norwich
Southington
Stamford
Thomaston
Waterbury
Windham