![]() The most commonly used are conveyances between spouses, conveyance due to foreclosure, and conveyance for little or no consideration. There are 22 exceptions that are noted on the back of the instructions to the return. Are there any exceptions to the Connecticut Real Estate Conveyance Tax? Acts 2, §40, which applied to deeds conveying an interest in real property on or after March 15, 2003, but before July 1, 2004. (This 0.25 rate was first imposed under 2003 Conn. If a home sells for $200,000.00, the Seller will have to pay $1,500.00 to the State of Connecticut, and $1,000.00 to the Town. The municipal real estate conveyance tax rate on deeds conveying an interest in real property on or after Jwill be eleven-one hundredths of one per cent (0.11). 0050 of every dollar to the local municipality (that’s 1/2 of 1%). 0075 of every dollar to the State (thts 3/4 of 1%) and. In Connecticut, the real estate conveyance tax is. The amount of the conveyance tax is dependent on the value of the real estate property being conveyed. This tax, typically paid by the seller at closing. How much is the real estate conveyance tax in Connecticut? In this article: When selling a house, one of the costs that will vary by location is the real estate conveyance tax. A fillable online version is available here. You must also present a completed and signed OP-236 – Connecticut Real Estate Conveyance Tax Return. The real estate conveyance tax MUST be paid to the Town Clerk (note: not the tax collector) at the time that the Deed transferring title is recorded on the land records. ![]() The conveyance tax is paid BOTH to the State of Connecticut as well as to the municipality in which the property is located. It set the rate at 55 cents for each 500 of value. The legislature did so to supplant a similar federal tax that was due to expire at the end of that year. However, there are some clever Sellers that put the burden of paying the conveyance tax on the Buyer in the real estate purchase and sale contract. The real estate conveyance tax is a state and local tax on documents conveying real property valued over 2,000, but the legislature initially instituted it in 1967 as a purely local tax. A real estate conveyance tax is a tax paid by the “Transferor” in a real estate transaction, typically this is a Seller.
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