Tool
What Will You Walk Away With? Connecticut Home Sale Calculator
Enter your sale price, payoff and the commission you have agreed. The calculator works out the Connecticut state and town conveyance tax from the published rates and shows your estimated net.
Estimated net
- Sale price
- $0
- State conveyance tax
- $0
- Town conveyance tax
- $0
- Commission
- $0
- Payoff and other costs
- $0
- Estimated net proceeds
- $0
Excludes property tax adjustments between buyer and seller, any capital gains tax and any exemption your sale may qualify for. An estimate, not a settlement statement.
How the Connecticut conveyance tax works
Connecticut charges a tax when real estate changes hands, split between the state and the town. For a single-family home or condominium, the state portion is marginal, like income tax brackets: 0.75 percent on the first $800,000, 1.25 percent on the part of the price between $800,000 and $2.5 million and 2.25 percent on anything above $2.5 million (Source: CT DRS). On a $1,000,000 sale, that is $6,000 on the first $800,000 plus $2,500 on the next $200,000, or $8,500 in state tax.
The town portion is 0.25 percent of the price in most towns. A short list of eligible towns may charge up to an extra 0.25 percent, for 0.50 percent in total (Source: CT OLR). Your attorney files the return and will know which rate your town uses.
Costs the calculator leaves to you
Commission is negotiated, so it is blank. Attorney fees vary by firm. Repairs and credits depend on the inspection. Property taxes in Connecticut are adjusted between buyer and seller at closing and how that works depends on your town's billing schedule, so it is not included here. If you are buying in Connecticut as well, the cost of moving calculator covers the purchase side.
For more on selling and moving to a smaller home, read downsizing in Connecticut and costs and money.
Common questions
What is the Connecticut conveyance tax on a home sale?
For a residential dwelling the state portion is 0.75 percent of the price up to $800,000, 1.25 percent of the portion from $800,000 to $2.5 million and 2.25 percent of the portion above $2.5 million1. The town adds its own portion, which is 0.25 percent in most towns and up to 0.50 percent in a small group of eligible towns2.
Who pays the conveyance tax in Connecticut?
The seller (the grantor) files the conveyance tax return, and the tax is normally paid from the seller's proceeds at closing1. Confirm the details of your sale with your attorney.
Is real estate commission set by law?
No. Commission is negotiated between you and the brokerage you hire, which is why this calculator leaves the rate blank for you to fill in.
Will I owe capital gains tax when I sell?
Many owners can exclude up to $250,000 of gain, or $500,000 for married couples filing jointly, on the sale of a main home they owned and lived in for at least two of the last five years3. Ask a tax professional about your situation.