Connecticut housing costs at a glance
| Connecticut | |
|---|---|
| Median home value (Zillow) | $453,000 |
| Average effective property tax | 1.36% |
| Typical rate for a new buyer (calculator default) | 1.7% |
| Average homeowners insurance ($300k dwelling) | $1,980 a year |
| 2026 conforming loan limit (one unit) | $832,750 in most counties; higher in Fairfield County – check the FHFA table for your county |
Example: median-priced home
Connecticut home for $453,000, 20% down, 6.5% 30-year fixed: principal and interest $2,291 + property tax $642 + insurance $165 = about $3,097 a month. Enter your own rate quote and the actual tax rate of the property for a precise figure.
Connecticut property tax
Connecticut towns tax homes on 70% of their appraised value at a mill rate (dollars per $1,000 of assessed value) that differs widely between towns: from under 20 mills in some Fairfield County towns to over 50 in Hartford and Bridgeport. The average effective rate is about 1.36% of market value. Towns revalue every five years, and most also tax cars every year.
Connecticut closing costs
- Conveyance tax: the state charges 0.75% of the price up to $800,000, 1.25% of the portion up to $2.5 million and 2.25% above, plus a town tax of 0.25% (0.5% in some towns); paid by the seller.
- Insurance: about $1,980 a year for $300,000 of dwelling coverage; coastal homes cost more.
- See also the Connecticut paycheck calculator.
Other states
See also the Connecticut paycheck calculator and mortgage costs in other states.
Frequently asked questions
What is the property tax rate in Connecticut?
About 1.36% of market value on average, but town mill rates range from under 20 to over 50 mills on 70% of value.
What is the monthly payment on a median-priced Connecticut home?
On a $453,000 home with 20% down at 6.5%, principal and interest are about $2,291; with property tax at 1.7% and average insurance the total is about $3,097 a month.
What is a mill rate?
The tax in dollars per $1,000 of assessed value; in Connecticut the assessed value is 70% of the appraised market value.
Who pays the conveyance tax in Connecticut?
The seller: 0.75% state tax up to $800,000 (higher above that) plus a 0.25% to 0.5% town tax.
For information only; not a loan offer. Property tax, insurance and closing costs depend on the specific property and lender.
Sources
- Connecticut OPM – mill rates
- FHFA – 2026 conforming loan limits
- U.S. Census Bureau ACS 2024 – real estate taxes (via NAHB / Construction Coverage)
- Zillow Home Value Index
- Insurify – home insurance by state
Rules checked: October 2026