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Of home-sale transactions that closed in March 2014, the median home in Connecticut sold for $225,000, up 3.2% from March 2013. [24] Connecticut ranked ninth nationally in foreclosure activity as of April 2014, with one of every 887 residential units involved in a foreclosure proceeding, or 0.11% of the total housing stock., [25] including City Place I and the Traveler's Tower, both housing ...
Tax rates vary widely by jurisdiction from less than 1% to over 10%. Sales tax is collected by the seller at the time of sale. Use tax is self assessed by a buyer who has not paid sales tax on a taxable purchase. Unlike value added tax, sales tax is imposed only once, at the retail level, on any particular goods. Nearly all jurisdictions ...
Connecticut has a 6.35% sales tax, raised from 6 percent effective July 1, 2011, 6.25% to the state, 0% to the county and 0.1% to the city/town. [77] Most non-prepared food products are exempt, as are prescription medications, all internet services, all magazine and newspaper subscriptions, and textbooks (for college students only). [78]
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Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due. Various techniques may be used to ...
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Connecticut's first round of recreational cannabis sales for adults 21 and older began Tuesday at seven existing medical marijuana establishments across the state, less than two years after Gov ...