Monday, November 11, 2013

State Conveyance Tax Rate

The state conveyance tax is .0075 (.75%) of the sales price up to $800,000.00. Any amount above $800,000 is taxed at .0125 (1.25%). The municipal conveyance tax is 0.0025 (.25%) for most towns. There are 18 eligible municipalities that are permitted to impose a tax of up to 0.005 (.5%).
The 18 towns permitted to maintain higher rates are:

Bloomfield
Bridgeport
Bristol
East Hartford
Groton
New London
Hamden
Hartford
Meriden
Middletown
New Britain
New Haven
Norwalk
Norwich
Southington
Stamford
Waterbury
Windham