Transfer Of TitleTaxesMEDIUM
Connecticut real estate conveyance tax is:
Correct Answer
B) State and municipal taxes based on sale price
Connecticut has both state and municipal conveyance taxes based on the sale price.
Answer Options
A
No conveyance taxB
State and municipal taxes based on sale priceC
Only federal taxD
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Related Topics & Key Terms
Related Topics:
closing-costs-calculationreal-estate-transfer-feesconnecticut-real-estate-regulationstransaction-expenses
Key Terms:
Connecticut conveyance taxtransfer taxCGS 12-494municipal taxsale price percentage
Related Concepts
A transfer tax is a tax imposed on the transfer of ownership of real estate.
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