Real Estate Conveyance Tax Change – Effective July 1, 2019

Real Estate Conveyance Tax Exemption for Homes with Crumbling Foundations

Effective July 1, 2019 (cite: Public Act 19-117, §336), sales of principal residences with foundations made from defective concrete containing pyrrhotite - as certified by a licensed engineer – are exempt from the real estate conveyance tax. This exemption is limited to the first sale after such certification, and is not available to any seller who received financial assistance from the Crumbling Foundations Assistance Fund.

OP-236I, Instructions for OP-236 - Connecticut Real Estate Conveyance Tax Return, will be updated to include this new statutory provision.

More information, Real Estate Conveyance Tax:

- DRS Website: Real Estate Conveyance Tax Forms

- Informational Publication (IP) 2017(9): Real Estate Conveyance Tax Return Information

Did you know?

You can also file Form OP-236, Connecticut Real Estate Conveyance Tax Return, via the DRS e-REC application, which is free, secure, and easy to use. e-REC allows tax return submitters to: submit Form OP-236 and remit payment online; receive notification when the tax return in "accepted" by a Town Clerk; and keep track of Form OP-236 returns submitted and in process.

Visit the e-REC page (via the e-REC login under 'Submitters') for a list of participating municipalities and to file using e-REC.