Home Buying in Darien>Question Details

Lrae, Home Buyer in Darien, CT

when you purchase a new home what type of taxes should you be ready to pay?

Asked by Lrae, Darien, CT Sun Jul 28, 2013

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3
Taxes are on the listing so there are no surprises. You can always check with the tax office too.
1 vote Thank Flag Link Mon Jul 29, 2013
As a buyer in Connecticut the only taxes that you should have to pay are property taxes which are Paid on a yearly basis. They are due in January and in July before the 31st. Typically they are escrowed for monthly meaning that if you have a mortgage your bank divides the taxes by 12 and collects that amount monthly and then pays your taxes when they are due. The reason you have to pay them before you close on a home is because you have not had a chance to escrow yet when starting a new loan. A seller on a home however does have to pay state taxes as well as county taxes when they sell a home however this would come out of their funds at the closing. Hope this helps!
0 votes Thank Flag Link Tue Jul 30, 2013
1% of value has been a pretty good 'rule of thumb' in Darien. I've lived here 20 years.
0 votes Thank Flag Link Sun Jul 28, 2013
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