Showing posts with label state conveyance tax. Show all posts
Showing posts with label state conveyance tax. Show all posts

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