Master CT State Conveyance Tax: Simple Guide
Who Pays the Connecticut Real Estate Conveyance Tax (RECT)? Typically, the seller (grantor) is responsible for paying the Connecticut Real Estate Conveyance Tax. However, the sales contract dictates who bears the responsibility—buyer or seller. Clarify this before closing to avoid surprises. This is a crucial step, akin to determining who pays for dinner before ordering. Calculating Your Connecticut Real Estate Conveyance Tax The tax is calculated based on the property's sale price....