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Connecticut Closing Cost Calculator
Connecticut conveyance tax on a home is 0.75% up to $800,000, 1.25% to $2.5 million and 2.25% above, plus the town rate. Connecticut's residential conveyance tax uses three marginal state brackets. Add the municipal rate confirmed by your town clerk, then budget your other closing charges separately.
Connecticut transfer tax and settlement worksheet
Ordinary taxable residential dwelling: marginal state rates of 0.75%, 1.25% and 2.25%. Add the municipal rate confirmed by the town clerk. The model does not cover commercial property, special exemptions or later income-tax credits.
Three marginal brackets for a residential dwelling
Connecticut DRS publishes a 0.75% rate on the first $800,000, 1.25% on the portion above $800,000 through $2.5 million, and 2.25% on the portion above $2.5 million. The current top bracket began July 1, 2020. This calculator applies each rate only to its band, rather than multiplying the entire price by the highest rate reached.
A $3 million dwelling produces $6,000 in the first band, $21,250 in the second and $11,250 in the third: $38,500 in state tax before the town amount. The worked examples explicitly state their municipal-rate assumption. The live form leaves that rate blank until you enter it.
Rate source: Connecticut DRS residential conveyance-tax changes.
Confirm property class, consideration and the town amount
DRS says tax is due when consideration equals or exceeds $2,000 unless an exemption applies. The model is for an ordinary taxable residential dwelling. It does not automatically classify vacant land, commercial property, a foreclosure or an exempt deed as the same transaction.
The grantor's conveyance-tax return is presented in connection with recording. Where property crosses municipalities or a transaction uses related deeds, DRS provides allocation instructions; the price should not be split merely to avoid a higher bracket. For those cases, obtain the confirmed transfer-tax amount and enter your quote in the worksheet.
Use DRS filing, allocation and exemption guidance and the town clerk's municipal rate. The seller-side default is a budgeting starting point; any agreed allocation is entered separately from the statutory tax computation.
Connecticut transfer-tax worked examples
| Scenario | Taxable value | State tax | Local amount | Tax subtotal |
|---|---|---|---|---|
| First state bracket; town rate unresolved | $800,000.00 | $6,000.00 | Not entered | $6,000.00 |
| $1 million, illustrative 0.25% town rate | $1,000,000.00 | $8,500.00 | $2,500.00 | $11,000.00 |
| Upper state threshold, illustrative 0.25% town rate | $2,500,000.00 | $27,250.00 | $6,250.00 | $33,500.00 |
| Third state bracket, illustrative 0.25% town rate | $3,000,000.00 | $38,500.00 | $7,500.00 | $46,000.00 |
Last reviewed 2026-10-05. How the settlement worksheet works.
Questions about Connecticut
- How does Connecticut tax a $1 million residential sale?
- State tax is $6,000 on the first $800,000 and $2,500 on the next $200,000, totaling $8,500. An entered municipal rate of 0.25% adds $2,500, giving an $11,000 combined example. Confirm the town rate for the actual property.
- Does the 2.25% rate apply to the whole price above $2.5 million?
- No. For the residential dwelling model, 2.25% applies only to the amount above $2.5 million. The lower portions remain in the 0.75% and 1.25% bands. The municipal amount is calculated separately from the rate you enter.