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giuffria: How To Calculate Connecticut Conveyance Tax - 11/18/07 05:15 PM
The state of Connecticut charges a conveyance tax (1/2% on first $800K and 1% on additional value) on the sale of a home. Also, the local town charges 1/4% and can charge an additional 1/4% if they are in an economic development zone. The tax is paid by the seller and is collected by the town clerk when the deed is filed. Here's the formula for calculating the tax due:
Sale Price: 0-$800,000, then (SP*.005) + 1% of the value >$800,000.
Example: Sale price of $475,000 (.005+.0025) = $3,562.50
Contact Rob via email at rob@tourrealtors.com or by phone at 860.796.4555 for questions regarding real estate tax issues.
 
 
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giuffria: Seller Case Study 2007_1:Investor Who Over-Spent on a Rehab House_West Hartford CT - 11/11/07 08:36 AM
By: Rob Giuffria, GMS; 1-860-796-4555
I believe the case study method is one of the most effective vehicles for learning and I would like to begin a new series for home seller and buyers. This is the first in a series of real world real estate examples that includes actual stories and the associated outcomes. Names might be changed and figures amended to protect the innocent/guilty client. However, these stories are real! Please email me at Rob@TourRealtors.com for questions regarding this series or visit me on-line at www.RobGiuffria.com. Thanks for visiting!
Client
During an open house, I was approached by gentleman who said that he was … (0 comments)

 
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Rob Giuffria, GMS, President|Broker|Loan Officer|REALTOR

Farmington, CT

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Prudential Premier Homes

Address: Farmington, CT, 06032

Office Phone: (800) 837-2750

Cell Phone: (860) 796-4555

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Connecticut's leading expert on $1M+ homes offers advice on buying and selling luxury homes.


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