Tool
Cost of Moving to Connecticut Calculator
Add up the cash a move to Connecticut takes, using your own numbers. Pick a town and the calculator fills in its official mill rate so you can see the property tax that comes with the home.
Your estimate
- Down payment
- $0
- Closing, inspections and tests
- $0
- Moving and setup
- $0
- Cash needed up front
- $0
- Estimated property tax, per year
- $0
- Per month
- $0
- Town motor vehicle mill rate
- n/a
Property tax: price x 0.70 (assessment at 70%) x mill rate / 1,000. The town's assessment can differ from your price. Special taxing districts and exemptions are not included. This is an illustration, not a quote.
How to use the estimate
The biggest numbers are usually the down payment and the property tax and the tax is the one people moving from other states most often underestimate. A home at the same price can carry a very different tax bill in neighboring towns, because each Connecticut town sets its own mill rate. Try the same price in two or three towns on your shortlist and compare the yearly tax.
For buying costs, ask your lender for a Loan Estimate as soon as you are preapproved. It lists the lender fees, title charges, prepaid interest and the escrow deposit for taxes and insurance. Connecticut purchases also usually involve an attorney, so ask what the attorney's fee covers. Inspections are worth budgeting separately: many Connecticut homes have private wells, septic systems or oil tanks and the state health department recommends radon testing for every home (see the guide to radon, wells and septic).
For the move itself, get at least two written quotes from movers. If you are coming from New York City, building rules on move-in times and certificates of insurance can affect the price.
Related reading: costs and money in Connecticut, property taxes by town and the home sale net proceeds calculator if you are selling as well.
Common questions
How much does it cost to move to Connecticut?
It depends almost entirely on your situation: the price of the home, your down payment, your lender's closing costs, the distance and size of the move and whether you need temporary housing. This calculator adds up the numbers you enter, plus a property tax estimate from the official mill rate for the town you choose1.
How is the property tax estimate calculated?
Connecticut towns assess homes at 70 percent of fair market value2. The calculator multiplies your price by 0.70 and then by the town's real estate mill rate divided by 1,000. The town's actual assessment can differ from your purchase price, and special taxing districts can add to the rate.
Why does the calculator not fill in closing costs for me?
Buyer closing costs depend on your lender, loan type, title insurance and attorney fees, and we have not verified a typical percentage for Connecticut. Enter the figure from your lender's Loan Estimate, or ask the agent you are introduced to for a local estimate.
Do I pay tax on my car in Connecticut?
Yes. Connecticut towns tax motor vehicles too, and state law caps the motor vehicle mill rate at 32.46 mills1. The calculator shows the town's motor vehicle rate so you can estimate it from your car's assessed value.