Connecticut— Property Tax & Closing Costs
2024 Census dataEffective tax rate
1.42%
of assessed value annually
Median home value
$307,600
2024 ACS survey
Median taxes paid
$4,375/yr
2024 data
Northeastern Connecticut Planning Region's 1.42% effective property tax rate ranks 440th highest among the 3,134 US counties tracked, placing it in the top 25% highest nationally. Within Connecticut's 9 counties, it's the 1st lowest. On the county's median home value of $307,600, the typical homeowner pays $4,375 annually in property tax — $2,746 more than the national median of $1,629. At closing, Connecticut's 1.00% combined real estate transfer tax adds roughly $3,076 on a median-priced home, typically paid by the seller.
Calculate your true cost
Enter any purchase price to see the full cost breakdown for Northeastern Connecticut Planning Region.
County median: $307,600
Leave at $0 if the property has no homeowners association.
LTV: 80.00%
At closing
Monthly ongoing
Year one
Moderate flood risk. Some neighborhoods require flood insurance — check your property at msc.fema.gov.
All figures are estimates for planning purposes only. Mortgage payment assumes a 30-year fixed rate of 6.8% — your lender will confirm the actual rate. Closing costs vary by lender and transaction. Consult a licensed real estate attorney and lender before making any financial decisions.
Connecticut property tax exemptions
Ways buyers in Northeastern Connecticut Planning Region may reduce their annual property tax. These programs apply statewide; verify county specifics with your local assessor.
Homeowners' Elderly/Disabled Circuit Breaker
State-reimbursed credit up to $1,250 (married) or $1,000 (single) for homeowners 65+ or totally disabled. 2026 income limit: $46,300 single / $56,500 married.
View official source →Disabled Veterans Full Exemption
Effective with the 2024 assessment year, municipalities must fully exempt the primary dwelling of any veteran with a permanent and total 100% service-connected VA disability rating.
View official source →Totally Disabled Homeowner Exemption
$1,000 assessment exemption for residents permanently and totally disabled under Social Security rules; stackable with the circuit breaker credit.
View official source →Last verified 2026-04. Exemption amounts and eligibility change frequently — always confirm with your county assessor before claiming.
Frequently asked questions
Answers to common questions about buying a home in Northeastern Connecticut Planning Region.
The effective property tax rate in Northeastern Connecticut Planning Region is 1.42% — calculated as the median annual property tax paid ($4,375) divided by the median home value ($307,600), using 2024 US Census ACS 5-year estimates. Your actual bill depends on your purchase price, homestead or senior exemptions, and any special assessments applied in your taxing district.
Connecticut's combined real estate transfer tax is approximately 1.00% of the purchase price. On the median Northeastern Connecticut Planning Region home value of $307,600, this adds roughly $3,076 at closing. State tax (seller) is graduated: 0.75% on first $800k, 1.25% on portion above $800k, 2.25% on portion above $2.5M. Municipal tax of 0.25% applies in virtually all 169 CT towns (up to 0.5% in 18 designated 'targeted investment' municipalities). seller_rate 0.01 reflects base 0.75% state + 0.25% municipal for median-priced homes under $800k. First-time buyer reduction: 0.5% state rate on homes ≤$300k.
Only in parts. About 6.9% of Northeastern Connecticut Planning Region's land area is within a FEMA Special Flood Hazard Area. Most homes are outside these zones, but worth verifying the specific address at msc.fema.gov.
Closing costs for a buyer in Northeastern Connecticut Planning Region typically run $6,152–$15,380 (2–5% of purchase price) on a median-priced home, including title insurance ($800–$2,000), appraisal ($400–$700), home inspection ($350–$600), recording fees ($100–$300), and loan origination (0.5–1.0% of the loan amount). Use the calculator above for a specific estimate at your purchase price.
Data sources for Northeastern Connecticut Planning Region
Every figure on this page is traceable. Verify the numbers yourself against the original public data.
Source for the 1.42% effective property tax rate, median home value, and median taxes paid (ACS 5-year, 2024 vintage).
Source for county-level flood zone exposure, wildfire risk, and other natural hazard ratings. Updated quarterly by FEMA.
Look up a specific property's flood zone and insurance rate map before making an offer on a home in Northeastern Connecticut Planning Region.
Guides for Connecticut home buyers
What every buyer should read before making an offer.
HOA Documents
HOA lawsuits — how to check for pending litigation against your future HOA before you close
A buyer closed on a house and only then found out about ongoing HOA lawsuits. Six checks you can run yourself before your contingencies expire.
Read the guide →HOA Documents
Undisclosed HOA special assessment — what you can do if you find out after closing
HOA special assessment not on the disclosure? One buyer got a $15,000 bill the day after closing. How to catch it before — and what to do after.
Read the guide →