Connecticut Quitclaim Deed Costs and Fees

Navigate Connecticut quitclaim deed costs, like filing fees and taxes, with the state-specific information below:

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Filing Fees

Statewide filing fees, outlined in Conn. Gen. Stat. Ch. 92 § 7-34a, are as follows:

Quitclaim deeds may also be subject to the following taxes:

A document transfer tax, known as a real estate conveyance tax in Connecticut, applies if the grantor or seller of real property receives at least $2,000 in exchange for it. The amount paid by the buyer — or grantee — in a real estate transfer is alternatively referred to as “consideration.”
There are exemptions to the transfer tax, such as short sales or transfers between spouses. Usually, though, the grantor must pay the transfer tax before a deed can be recorded.
The transfer tax includes state and municipal components and ranges from 1% to 2.75% of the sales price. The state component amount depends on the property’s type and value, and the municipal component amount depends on the property’s location.
For more information about the specific amounts of transfer tax owed or help with a title search, visit the appropriate town clerk governing the area where the property is located.

Connecticut is the only state in the union that has its own gift tax. If you transferred property for little or no payment, it may be considered a taxable gift. You can find out more about the tax and whether or not your quitclaim deed may be exempt from it by following the CT-706/709 form instructions.
Alternatively, you can learn more about the tax and its valuation on the Estate and Gift Tax Information page of the Department of Revenue Services website.
Gift taxes for property given over a specific set amount, which differs from year to year, also apply countrywide. Use the U..S. Internal Revenue Service (IRS) Form 709 to calculate how much you owe and file this tax appropriately.

The state also has its own specific capital gains tax. Check Bulletin 18 and the “Gross Income Tax” section of the Connecticut Resident Income Tax Information page for details.
A federal capital gains tax also applies.