Connecticut Property Tax Due Dates and the 18% Late Interest Rule
Miss a Connecticut property tax installment by even a day past the grace period and interest starts at 1.5% a month. Here's how the rules work and how they affect buyers and sellers.
Connecticut
Real estate
The condition report, assessment appeals, the circuit breaker, the conveyance tax, tax due dates and 18% interest for Connecticut.
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Connecticut Assessment Appeals: File by February 20
OLR 2018-R-0309 says a Connecticut assessment appeal goes to the Board of Assessment Appeals in writing on or before February 20. The board hears it in March. A later court appeal is within two months of the board's notice. These dates are from legislative research reports.
Connecticut Assessments: 70 Percent of Fair Market Value
OLR 2023-R-0006 says Connecticut towns assess property at 70 percent of fair market value under C.G.S. 12-62a, since Public Act 74-299. The report says Hartford uses a different residential ratio and does not state that ratio.
Connecticut Conveyance Tax: 0.75 Percent, Then Higher Tiers
Connecticut conveyance tax applies at $2,000 of consideration. The state rate is 0.75 percent and the municipal rate is 0.25 percent. Residential consideration of $800,000 or more uses higher state tiers. The seller-pays practice is from a 2020 legislative research report.
Connecticut Circuit Breaker: Up to $1,250, Apply by May 15
Connecticut's elderly and disabled circuit breaker is a credit of up to $1,250 for a married couple and $1,000 for a single person. Apply with the assessor from February 1 to May 15. The 2025 income ceilings in the OPM booklet are $46,300 and $56,500.
Connecticut Condition Report: A $500 Credit If the Seller Skips It
A Connecticut seller of four units or fewer must give the residential condition report before the buyer signs. If the seller does not, C.G.S. 20-327c requires a $500 credit at closing. The form is not a warranty, and no revocation period in days was stated.
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