This June, Connecticut's Home Seller Tax - aka the Invisible Tax - is once again set to expire.
Home Sellers in Connecticut must pay a "transfer tax" upon the sale of a home. This tax is based on the sale price. Over the years, temporary additional taxes have been added to this transfer tax, creating higher costs for the state's home sellers. Originally set to expire in 2004, this "temporary" tax still remains today. It is currently set to expire in June, 2008, unless it is once again extended by our state government.
And, yes, this tax is in addition to the property taxes already paid by all home owners. It's a tax to sell your home.
Please visit The Invisible Tax for more information and to learn what you can do to help ensure this tax expires, as it should have done years ago.
Don Fabrizio-Garcia, REALTOR
Connecticut Real Estate & Appraisals
CT Home Group
Keller Williams CT Realty
Connecticut Real Estate and Homes for Sale