This simple calculator can help home sellers in Connecticut estimate their transfer taxes. To get a ballpark idea of the transfer fees you might pay in the Constitution State, enter your home’s estimated selling price above.
Need a selling price? Try HomeLight’s free Home Value Estimator to see what your house might be worth. To receive a more accurate listing price, contact a top Connecticut real estate agent and request a Comparative Market Analysis (CMA), a report that will compare your home against nearby listed and recently sold properties.
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How the Connecticut Transfer Tax is Calculated
Connecticut’s real estate transfer tax, known as a real estate conveyance tax, is calculated at a rate based on the amount the property is sold for.
For residential dwellings, a tax rate of 0.75% of the first $800,000 of the property’s sales price is levied. A rate of 1.25% is levied for sale prices that exceed $800,000, up to $2.5 million, with a rate of 2.25% levied at any sales price over $2.5 million.
Below is a table showing Connecticut’s transfer tax tiers:
Sale price | State rate |
Less than $800,000 | 0.75% |
$800,000 – $2,500,000 | 1.25% |
$2,500,000 or more | 2.25% |
Source: Connecticut General Assembly
For example, if you sold your home for $415,000 (Connecticut’s median home price), you could expect to pay $3,113 in Connecticut transfer taxes.
Another Transfer Tax Connecticut Sellers Typically Pay
Many counties and local governments charge home sellers a real estate transfer tax. In Connecticut, you are responsible for the municipal transfer tax, ranging between 0.25% and 0.50% of the property’s sales price.
»Learn more: Understanding Connecticut’s Transfer Tax: A Quick Guide