Get the up-to-date connecticut transfer tax 2024 now

Get Form
connecticut transfer tax Preview on Page 1

Here's how it works

01. Edit your form online
01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
02. Sign it in a few clicks
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.

The easiest way to modify Connecticut transfer tax in PDF format online

Form edit decoration
9.5
Ease of Setup
DocHub User Ratings on G2
9.0
Ease of Use
DocHub User Ratings on G2

Adjusting documents with our extensive and intuitive PDF editor is simple. Adhere to the instructions below to complete Connecticut transfer tax online quickly and easily:

  1. Sign in to your account. Sign up with your credentials or create a free account to try the service prior to choosing the subscription.
  2. Upload a document. Drag and drop the file from your device or add it from other services, like Google Drive, OneDrive, Dropbox, or an external link.
  3. Edit Connecticut transfer tax. Easily add and highlight text, insert pictures, checkmarks, and symbols, drop new fillable fields, and rearrange or remove pages from your document.
  4. Get the Connecticut transfer tax accomplished. Download your adjusted document, export it to the cloud, print it from the editor, or share it with other participants via a Shareable link or as an email attachment.

Benefit from DocHub, one of the most easy-to-use editors to quickly manage your paperwork online!

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.
Contact us
In Connecticut, state and municipal transfer taxes range from 1 percent to 2.75 percent of the sales price, depending on the property type and the municipality. The state tax is a rate of 0.75 percent for the first $800,000 of the sales price. After that, the rate jumps to 1.25 percent for homes of up to $2.5 million.
The transfer tax is calculated as a percentage of the sale price or the appraised value of the property. The percentage will vary depending on what the city, county, or state charges. For the most part, the rate is calculated per $100, $500, or $1,000. If the transfer tax is $1.00 per $500, the rate would be 0.2%.
Real estate transfer taxes Connecticut, Delaware, the District of Columbia, Florida, Illinois, Maine, Maryland, New Hampshire, New York, Pennsylvania and Washington. There are also some cities that assess the controlling-interest real estate transfer tax, including New York City and Philadelphia.
To calculate the property tax, multiply the assessment of the property by the mill rate and divide by 1,000. For example, a property with an assessed value of $50,000 located in a municipality with a mill rate of 20 mills would have a property tax bill of $1,000 per year.
Based upon sales price, they are three quarters of one percent of the sales price up to $800,000.00; and one and a quarter percent for everything over $800,000.00. Local Conveyance Taxes are paid to the city or town where the property is located. They are 0.25% of the sales price except as noted below.
be ready to get more

Complete this form in 5 minutes or less

Get form

People also ask

The State of Connecticut and Town where the property sits are each entitled to a portion of the sales price as a conveyance tax. The State collects . 75% of the first $800,000, 1.25% on all amounts between $800,000 and $2,500,000, and 2.25% on all amounts above $2,500,000.
The person responsible for the tax is generally the transferor, grantor, lessor, sublessor, conveyor, or other person conveying the real property interest (HRS 247-3). The standard purchase contract directs escrow to charge the conveyance tax to the seller.
Connecticuts Real Estate Conveyance Tax The seller pays the tax when he or she conveys the property. Municipal town clerks collect the tax and remit the state share to the state Department of Revenue Services (DRS) (CGS 12-494 et seq., as amended by PA 19-117, 337).
The seller must pay the tax before the deed can be recorded. Connecticut also imposes a 1.11% controlling interest transfer tax on real estate transferred through the sale or transfer of a business entity that owns an interest in Connecticut real property valued at least $2,000 or more.
Transfers of residential property in Connecticut are generally subject to real estate conveyance tax paid by the seller. 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 consideration in excess of $800,000.

Related links