How Much Is the Connecticut Transfer Tax When Selling a Home in Greenwich?
Connecticut sellers pay two separate conveyance taxes: a tiered state tax (0.75% up to $800K, 1.25% from $800K–$2.5M, and 2.25% above $2.5M) plus a flat 0.25% Greenwich municipal tax. On a $3 million sale, total transfer taxes exceed $40,000 — before real estate commissions or attorney fees.
By Charles Nedder | May 9, 2026
If you're thinking about selling your home in Greenwich, there's one number that quietly costs sellers tens of thousands of dollars — and most don't calculate it until they're already under contract.
It's not the commission. It's not the attorney fees. It's the transfer tax. Or more accurately, the two transfer taxes Connecticut requires you to pay when you sell.
I've had this conversation with sellers across Riverside, Old Greenwich, and mid-country, and the reaction is usually the same: "Wait — I'm paying two of them?" Yes. And depending on your price point, one of them more than doubles at certain thresholds.
The Two-Tax Structure Every Greenwich Seller Needs to Understand
When you close on a home sale in Connecticut, you're paying two separate conveyance taxes calculated on different structures.
The state conveyance tax is tiered — meaning the rate changes based on the portion of the sales price. It's not a flat percentage.
- On the first $800,000: 0.75%
- On $800,000–$2.5 million: 1.25%
- Above $2.5 million: 2.25%
The Greenwich municipal conveyance tax is a flat 0.25% on the entire sales price — roughly $7,500–$8,000 on a $3M sale.
The $3M Example: Running the Real Numbers
- State tax on first $800K at 0.75% = $6,000
- State tax on $800K–$2.5M at 1.25% = $21,250
- State tax on $2.5M–$3M at 2.25% = $11,250
- State subtotal: ~$38,500
- Greenwich municipal (0.25% × $3M) = ~$7,500
- Total transfer taxes: ~$46,000
That's $46,000 before a single dollar of commission, attorney fees, or seller credits. Just the tax.
Learn more about how the $2M to $4M Greenwich market operates differently and why pricing precision matters most in this segment.
Want live inventory and market data across Greenwich? Download The Charles Nedder Team Real Estate App. Get the app here.
Why Pricing Strategy Has to Account for the Tax Tiers
Connecticut's conveyance tax thresholds don't just affect your tax bill — they should affect how you price your home.
If your home sells near $2.5M, pricing at $2.45M versus $2.65M isn't just a $200K revenue difference. The 2.25% rate kicks in on every dollar above $2.5M. In some cases, a slightly lower list price actually produces a higher net.
This connects to how positioning works in the Greenwich market — it's not about the headline number, it's about what you walk away with.
With Greenwich sale-to-list ratios running around 102%, the market may push your price above a tax threshold whether you planned for it or not. See how demand is driving offers above ask this spring.
What to Do Before You List
Get your actual numbers — not estimates, but your specific scenario modeled out. That means a seller net sheet covering your likely sales price, applicable tax tiers, commission, legal fees, and what's actually left at the end.
These taxes are predictable. They're only a surprise if you don't calculate them early.
If you want a personalized net sheet based on your home and situation, reach out when you're ready. Download the app or email sales@cnedder.com.
About Charles Nedder
Charles Nedder is a top Realtor and Team Leader in Greenwich, CT and Westchester County, NY, specializing in luxury real estate, home sales, and relocation. As CEO of The Charles Nedder Team — the #1 Berkshire Hathaway HomeServices team in Connecticut — he helps clients buy and sell homes with confidence. Connect at www.thecharlesnedderteam.com or (203) 654-7533.
