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Connecticut at a glance

Median home price
$485,000
Typical closing costs
2%–4% of price
Transfer tax
1% of sale price, customarily paid by seller
Closing custom
attorney
Homestead exemption
Connecticut's 'homestead exemption' is NOT an annual property-tax reduction like FL's or TX's — it is a creditor/bankruptcy protection under Connecticut General Statutes Sec. 52-352b, which shields a defined amount of equity in an individual's owner-occupied primary residence from most judgment creditors (it does not protect against foreclosure by a mortgage lender or against IRS/tax liens, and CT does not require recording a homestead declaration the way some other states do). The exemption amount was substantially raised by a 2021 legislative increase (Public Act 21-161, effective Oct. 1, 2021) from a much lower prior figure to $250,000 — this figure is well-established in CT bankruptcy/estate-planning secondary sources but a live, directly-fetchable cga.ct.gov statute page could not be successfully retrieved in this research session (the domain's TLS certificate could not be verified by the fetch tool used), so treat the exact current figure as moderate- rather than high-confidence and recommend a manual statute check before this ships. Separately, Connecticut does offer a genuine annual property-TAX relief program for qualifying elderly (65+) and totally disabled homeowners under CGS Sec. 12-170aa, informally called the 'Circuit Breaker' program, administered by each town with state reimbursement via the Office of Policy and Management — this is income-based and provides a tax credit/reduction, and is a completely different mechanism from the bankruptcy homestead exemption above; specific current income thresholds and credit amounts could not be confirmed on a live portal.ct.gov page in this session (repeated 404s) and are not included here.

First-time buyer / down payment assistance programs

  • CHFA Homebuyer Mortgage Program

    Connecticut Housing Finance Authority's primary 30-year fixed-rate first mortgage financing for first-time homebuyers statewide (waived for veterans and buyers in state-designated Targeted Areas), offered as both a Government Insured (FHA/VA/USDA Rural Development) option and a conventional HFA Advantage/HFA Preferred option with reduced mortgage insurance. Applicants must not have owned a primary residence in the prior 3 years (outside Targeted Areas), must occupy the home as their primary residence, and must complete free CHFA-approved homebuyer education before closing. Income and purchase-price limits vary by CHFA's 12 regional planning areas.

  • CHFA Downpayment Assistance Program (DAP) Loan

    Second mortgage for down payment and/or closing costs equal to 4% of the lesser of the sales price or appraised value, with a minimum loan of $3,000 and maximum of $15,000. Interest rate is the lesser of the paired CHFA first-mortgage rate or 5.00% (5.10%-5.50% APR). Must be paired with a CHFA first mortgage (Homebuyer Mortgage Program or HFA Advantage/Preferred) and requires completion of free homebuyer education before closing.

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Closing Costs in Connecticut: What You'll Actually Pay

9 min read

Connecticut's 1% conveyance tax on a $485,000 home is $4,850 — and the seller customarily pays all of it. Here's what the buyer actually owes at closing.

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Connecticut guide

Closing Costs in Connecticut: What You'll Actually Pay

  • Connecticut's conveyance tax on the $485,000 median sale price is $4,850, and by custom the seller pays every dollar of it, not the buyer.
  • Buyer closing costs here run roughly 2% to 4% of the price, or about $9,700 to $19,400 at the median, with a midpoint near $14,550.
  • The conveyance tax is actually two separate taxes stacked on one sale: a state tax of 0.75% up to $800,000 and a municipal tax of 0.25% in most towns.

Connecticut's real estate conveyance tax on the statewide median sale price of $485,000 comes to $4,850. It's one of the largest single lines on the closing statement, and if you're the buyer, you almost certainly won't pay a cent of it.

In many states the transfer tax is the buyer's nastiest surprise, either split down the middle or multiplied by a local add-on. In Connecticut, custom puts the whole thing on the seller.

Quieter, but not cheap. Buyer closing costs run roughly 2% to 4% of the price, which at $485,000 is about $9,700 to $19,400. Add a 20% down payment of $97,000 and the cash you need is around $111,550. Connecticut is expensive because of what the houses cost, not because of the fee structure.

The one genuinely Connecticut-specific buyer cost isn't a tax at all. It's your attorney. For the mechanics of the fees themselves, see our line-by-line breakdown of every closing cost.

A note before you start: this is general education, not financial, legal, or tax advice. Every figure below is a statewide number from CalculatorByState's sourced dataset, and your town, lender, attorney, title insurer, and contract will all move the total. Connecticut's municipal conveyance rate is set town by town, so the only rate that matters is the one for your address. Your Loan Estimate and Closing Disclosure are authoritative — use this to sanity-check them, not to replace them.

1. What closing costs actually run in Connecticut

A 2% to 4% range against Connecticut's $485,000 median sale price gives you roughly $9,700 to $19,400, midpoint near $14,550. On a $350,000 purchase it's about $7,000 to $14,000.

That's buyer-side only: lender charges, the attorney, title insurance, recording fees, and prepaid taxes and insurance. It excludes agent commissions and the conveyance tax, which in a normal Connecticut deal is the seller's line.

Read the full Connecticut guide →9 min read · Updated 2026-08-24