What will you net when you sell your house in Litchfield County?
Try our sellers net sheet. Everyone wants to know, what will I have, at the end of the day, when I sell my house? Well, you can plug in a few numbers in the form below and it will tell you what you will net, after paying conveyance taxes, commissions, your attorney, and finally, paying off any existing mortgages.
A little bit of housekeeping for you. The form is an excel spreadsheet, you can’t hurt it and if you make a mistake, just reload the page. Fill in the highlighted areas only, and you don’t need to use the $ sign or the % sign, its already there. Once you plug in your numbers the spreadsheet will do the rest for you. Also, we do not track this information, so feel free to use it when you like, as often as you like.
Connecticut conveyance tax is .75% of the sales price UP TO $800,000. Anything over $800,000 is taxed at 1.25%. I have made allowances for that in the calculator. Just split the sale price up as indicated.
Also note, there are targeted municipalities in Connecticut that have a higher conveyance tax rate. The following municipalities are taxed at .50%. (An additional .25% is taxed on.) If you live in one of the following communities outside of Litchfield County and want to use the calculator, please change the rate next to the Municipal Conveyance Tax from .25% to .50%. (Bloomfield, Bridgeport, Bristol, East Hartford, Groton, Hamden, Hartford, Meriden, Middletown, New Britain, New Haven, New London, Norwalk, Norwich, Southington, Stamford, Waterbury, and Windham.)
And if it doesn’t make sense, give us a call and we will help you out!