Targeted investment communities Transfer Tax
Targeted investment communities (up to 19 municipalities, e.g. Stamford, Norwalk, Bridgeport, plus Bloomfield) charges 0.5% of the purchase price on top of the Connecticut state tax (marginal brackets: 0.75% up to $800,000, 1.25% from $800,000 to $2,500,000, 2.25% above $2,500,000). On a $445,100 home that is $5,564 in total. Sec. 12-494(c) lets a designated 'targeted investment community' (or a municipality with a Sec. 32-75c manufacturing plant) impose up to an additional 0.25% on top of the standard 0.25% municipal rate, i.e. up to 0.50% total municipal rate. This models the maximum allowed rate; adoption and the exact schedule (some towns, e.g. Stamford, tier it by price) vary by municipality and were not individually confirmed against every town's own ordinance this session.
Targeted investment communities (up to 19 municipalities, e.g. Stamford, Norwalk, Bridgeport, plus Bloomfield) transfer tax by purchase price
| Purchase price | State tax | Targeted investment communities (up to 19 municipalities, e.g. Stamford, Norwalk, Bridgeport, plus Bloomfield) | Total |
|---|---|---|---|
| $150,000 | $1,125 | $750 | $1,875 |
| $200,000 | $1,500 | $1,000 | $2,500 |
| $250,000 | $1,875 | $1,250 | $3,125 |
| $300,000 | $2,250 | $1,500 | $3,750 |
| $350,000 | $2,625 | $1,750 | $4,375 |
| $400,000 | $3,000 | $2,000 | $5,000 |
| $450,000 | $3,375 | $2,250 | $5,625 |
| $500,000 | $3,750 | $2,500 | $6,250 |
| $600,000 | $4,500 | $3,000 | $7,500 |
| $700,000 | $5,250 | $3,500 | $8,750 |
| $800,000 | $6,000 | $4,000 | $10,000 |
| $1,000,000 | $8,500 | $5,000 | $13,500 |
Transfer tax calculator
Who pays
Seller. Sec. 12-494(c) lets a designated 'targeted investment community' (or a municipality with a Sec. 32-75c manufacturing plant) impose up to an additional 0.25% on top of the standard 0.25% municipal rate, i.e. up to 0.50% total municipal rate. This models the maximum allowed rate; adoption and the exact schedule (some towns, e.g. Stamford, tier it by price) vary by municipality and were not individually confirmed against every town's own ordinance this session.
Frequently asked questions
How much is the transfer tax in Targeted investment communities (up to 19 municipalities, e.g. Stamford, Norwalk, Bridgeport, plus Bloomfield)?
Targeted investment communities (up to 19 municipalities, e.g. Stamford, Norwalk, Bridgeport, plus Bloomfield) charges 0.5% of the purchase price, on top of the Connecticut state tax, so a $445,100 home pays $5,564 in total ($3,338 state, $2,226 local).
Who pays the Targeted investment communities (up to 19 municipalities, e.g. Stamford, Norwalk, Bridgeport, plus Bloomfield) transfer tax?
Seller. Sec. 12-494(c) lets a designated 'targeted investment community' (or a municipality with a Sec. 32-75c manufacturing plant) impose up to an additional 0.25% on top of the standard 0.25% municipal rate, i.e. up to 0.50% total municipal rate. This models the maximum allowed rate; adoption and the exact schedule (some towns, e.g. Stamford, tier it by price) vary by municipality and were not individually confirmed against every town's own ordinance this session.
Sources
- Conn. Gen. Stat. Sec. 12-494(a)(1) and (b)(2), for residential real estate
- Who pays
- Conn. Gen. Stat. Sec. 12-494(c), and municipalities designated as targeted investment communities under Sec. 32-222
Rates as the statute or revenue department publishes them, checked 2026-09-22. Figures are computed from those rates and rounded to the dollar; exemptions for first-time buyers or principal residences are noted where they exist and are not applied. All sources.
Connecticut transfer tax overview → All Connecticut buyer closing costs →
Figures are computed from the statutes and ordinances cited above and rounded to the dollar. This is general information, not tax or legal advice.
Connecticut transfer tax