Mortgage Calculator CT, Town by Town

How Connecticut property tax is figured

Connecticut towns assess a home at 70% of its appraised market value and multiply that assessment by the mill rate, the tax in dollars for every $1,000 of assessed value. In Milford, at 28.67 mills, a home appraised at $400,000 is assessed at $280,000, so the tax is about $8,028 a year, or $669 a month.

Rates run from 9.8 mills in Salisbury to 69.95 in Hartford, so the same price carries very different taxes a few towns apart. The calculator uses each town's rate on the October 1, 2025 grand list, for the fiscal year ending June 30, 2027, as reported to the Office of Policy and Management. Canterbury had not reported that year, so it shows its prior rate.

The conveyance tax, and who pays it

When a Connecticut home sells, the seller pays two conveyance taxes at closing. The state takes 0.75% of the price up to $800,000, 1.25% of the part from $800,000 to $2.5 million and 2.25% above that. Most towns take 0.25%; Bloomfield, Bridgeport, Bristol, East Hartford, Hamden, Hartford, Meriden, Middletown, New Britain, New Haven, New London, Norwalk, Norwich, Southington, Waterbury and Windham take 0.50%, and Stamford takes 0.35% up to $1 million and 0.50% above. On a $400,000 sale in Milford that is $3,000 to the state and $1,000 to the town.

Buyers do not pay it, but it shapes what a seller nets and sometimes the negotiation, so the calculator shows it for context. Towns can change their rate by ordinance, and the town clerk has the final word.

PMI, FHA mortgage insurance, and when they end

Put less than 20% down on a conventional loan and the lender requires private mortgage insurance. Freddie Mac puts the typical cost at $30 to $70 a month for every $100,000 borrowed; the calculator starts at the middle, 0.6% of the loan a year, and your credit and down payment move it. You can ask your servicer to cancel PMI when the balance reaches 80% of the home's original value, and it ends on its own at 78% if you are current.

FHA works differently. HUD charges an upfront premium of 1.75% of the loan, usually financed, and an annual premium of 0.55% of the balance for most buyers putting 3.5% down, kept for the life of the loan. Put 10% or more down and it is 0.5% for 11 years. The FHA page has HUD's full table and the county loan limits.

Buyer closing costs in Connecticut

Connecticut purchases close with attorneys. Your attorney searches the title, issues title insurance through an underwriter, and records the deed and mortgage with the town clerk. Since July 1, 2025, recording costs $70 for the first page and $5 for each page after, or a flat $160 for a mortgage that names MERS as the lender's nominee, which most do.

Title insurers in Connecticut each file their own premium schedule with the state, so premiums vary by underwriter, and attorneys set their own fees. Treat those two lines as rough starting figures until you have quotes. Prepaids are the first year of homeowners insurance plus about 3 months of property tax to open the escrow account; the real amount depends on your closing date and when your town bills.

What this estimate leaves out

• Fire, sewer and special district taxes, which some towns add for homes inside a district.
• Exemptions and credits, such as the programs for veterans and for older or disabled homeowners.
• Lender charges, the appraisal and prepaid interest. Your Loan Estimate lists them.
• The property tax adjustment with the seller at closing, which depends on what the seller has already paid.
• Flood insurance, which a lender requires in a mapped flood zone, common along the shoreline.
• Down payment help. CHFA loans and CHFA down payment assistance change both the loan and the cash you need.