Buying a home in Connecticut

Property taxes, transfer taxes, home values and first-time buyer help in Connecticut.

Effective property tax rate

1.81%

Median tax $6,643 ÷ median value $366,900 (ACS 2020–2024)

Typical home value

$450,873

Zillow ZHVI, 2026-08

State transfer tax

Graduated by price

Usually paid by: seller. Conn. Gen. Stat. § 12-494 et seq. (conveyance tax); § 7-34a (recording fee). Official source. Local taxes may add more.

Estimated buyer closing costs Estimate

$3,700–$5,500

On a $450,873 home: typical lender fees + title insurance + deed recording (TallyClose) + the buyer’s share of transfer/recording taxes. Excludes prepaids, escrow and local taxes.

At Connecticut's effective rate of 1.81%, a typical $450,873 home would owe about $8,161/year ($680/month) in property taxes. Actual bills depend on your county, city and exemptions. Run your numbers.

First-time homebuyer programs

Connecticut Housing Finance Authority

Your state housing finance agency offers down payment assistance and low-rate mortgages for eligible buyers. Visit Connecticut Housing Finance Authority →

Sources: U.S. Census Bureau ACS 2020–2024 5-year (B25103, B25077); Zillow Home Value Index; TallyClose closing-cost dataset (CC BY 4.0), which cites each state statute; NCSHA HFA directory. Last updated 2026-10-15.