For example, the aggregate rate applicable to a sale of improved, non-residential property in most larger cities is 1.75. This fee is collected by the credit card vendor, InvoiceCloud, and not by the Town of Simsbury. The rate differential: Conveyance tax consists of a 'State' portion, which is either 0.75 or 1.25 depending on the type of property, and a 'local' portion, which ranges from 0.25 to 0.5 depending on location.

(Please note that effective 3/26/23, use of a credit/debit card for payment will incur a convenience fee of 2.99%, with a minimum fee of $3.95. *We accept payment by cash, check or credit card. Other Map (Increased 7/1/18 per Public Act 18-136, CGS 7-34a) Subdivision Map (Increased 7/1/18 per Public Act 18-136, CGS 7-34a) State Conveyance Tax - (Payable to Commissioner of Revenue Services) Contact the Connecticut Department of Revenue Services. Local Conveyance Tax = 0.0025% of consideration (Payable to Town of Simsbury) Recording Fee for each additional page of the same instrumentĬertification fee, per document (The copy fee is separate.) Summary of Current Fees State tax on residential dwelling that exceeds 2,500,000, 0.0225 x consideration Local tax: all categories, 0.0025 x consideration. Recording Fee for first page of deed transferring title with consideration over $2,000 Greenwich led all municipalities with a 19.5 million state tab for Connecticut conveyance real estate taxes, of 138.7. Trade Name Certificates, 10.00 per Registration or Cancellation. The state collected another 6.2 million from Stamford deals that year. 5000 property management firm that delivers services to homeowners associations (HOAs), condominium associations, cooperatives, luxury high-rises, municipal utility districts, and master-planned communities. Effective for tax years beginning on or after January 1, 2021, a taxpayer can base the credit on the conveyance tax paid on the sale of certain residential. By the provisions of Section 12-122, a town is required to levy such property taxes as are estimated to be required to pay all of the.

Please open this link to read about the change in recording fees for land records with a nominee as grantor/grantee: RECORDING FEES FOR LAND RECORDS WITH A NOMINEE EFFECTIVE JULY 15, 2013 2.00 for each conveyance with consideration of 2,000.00 or more. Position: Financial Manager / IMO
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Recording Fee for the first page of an instrument with a nominee (e.g. Recording Fee for each subsequent page of the same instrument: $5.00.įor example: 2-page instrument: $65.00 3-page: $70.00 etc. Effective December 1, 2017-Click Here for Notice If there are more than two granters / sellers, you must use the additional OP-236 Schedule A form.Recording Fee for the first page of a multi-page instrument or a single-page instrument with no nominee (e.g. Please note: Local and state conveyance taxes are due and payable when recording transfers of property.Īll real estate conveyances must be filed with the OP-236 real estate conveyance tax return form. Recording documents - Conveyance over $2,000

$60 first page, $5 each subsequent page /portion Land records are open for public inspection during normal business hours.įiling maps of subdivisions of three or more parcels The town clerk records and keeps permanent documentation and indexing of all transactions. Other miscellaneous legal documents pertaining to land useĬlick here to view the Land Records online.For example, if the sales price of a home is 900,000, the conveyance tax owed is 7,250. The current tax rate is: (1) 0.75 on the first 800,000 of the sales price plus (2) 1.25 on the portion of the sales price greater than 800,000. This is usually 500-1,000 or more depending on the complexity of the transaction. Currently, the State of Connecticut imposes a conveyance tax on residential real estate sales. Legal fees: Your closing attorney will also charge a fee. All transactions involving land situated in Norwalk must be recorded in the Office of the Town Clerk. Conveyance taxes usually total is 1-1.25. The threshold for a change of control is 50 percentor morein New York and ismore than50 per- cent in several jurisdictions, including Connecticut, Illi- nois, and Washington state.21In other states, the threshold for a change in control of certain types of en- tities can be 80 percent (e.g., Maryland) or 90 percent (e.g., Pennsylvania).

Connecticut conveyance taxes