![]() 10/10) Department of Revenue Services State of Connecticut PO Box 5031 Hartford CT 06102-5031 General Information Complete the return in blue or black ink only. Example: Mill Rate: 43.45 mills (.04345) Assessed. Transactions exempted from conveyance taxes such as foreclosure by sale or deed in lieu of foreclosure is outlined under the Public Act No. Controlling Interest Transfer Taxes Return Instructions (Rev. For the fiscal year 2021-2022 it is 43.45 mills for real & personal property and 45 mills for motor vehicles. ![]() No deed, instrument or writing which is subject to tax under this chapter shall be recorded by any town clerk unless a return prescribed and furnished by the Commissioner of Revenue Services has been filed with such town clerk and the tax reported to be due thereon has been. NOTE: Check with your lawyer or town if your property is within the designated municipalities. Payment of tax and filing of return condition precedent to recording. Targeted Investment communities include the towns of:īridgeport, Bristol, East Hartford, Groton, Hamden, Hartford, Meriden, Middletown, New Britain, New Haven, New London, Norwalk, Norwich, Southington, Stamford, Waterbury and Windham. The authority for certain designated municipalities, known as target investment communities, to impose an additional municipal real estate conveyance tax rate ( at a rate of up to 0.25%) is still in effect. Residential Municipal Tax State Tax Total §12-494-2 (c) (5) gives as an example of a transaction which is not a conveyance and, accordingly, not subject to the State and municipal real estate conveyance taxes 'a lease other than a lease described in §12-494-1 (b) (2).' The Ground Lease neither endures for a fixed period of 99 years or more nor may so endure. 501, Public Act No.10-1 wherein Subsection (a) of Section 12-494 of the general statutes is repealed and the following is substituted in lieu thereof ( Effective July 1, 2010): Connecticut real estate conveyance tax rate for certain transfers of Connecticut residential property. Sellers should get a better picture of the approximate proceeds from the sale of their property and laying out the numbers specific to conveyance taxes would be helpful.
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