Gift Tax Resident donors are taxed on all gifts of intangible property and on gifts of real property and tangible personal property located in Connecticut. Nonresident donors are taxed on gifts of real and tangible personal property located in Connecticut. Transfers of future interests are not covered by the annual exclusion. Because this is a transfer of a future interest, no annual exclusion is allowed. Local Real Estate and Personal Property Taxes Real estate and personal property are subject to this tax, with some statutory exemptions.
Communities levy property tax to fund local government.
Neither the state nor its counties levy a property tax. All owners of personal property, other than registered motor vehicles, must file a declaration with the assessor on or before November 1 . An annual property tax credit or rent rebate is available to residents, age 65 or older, or to a surviving spouse, age 50 or older, who meet certain residence and income requirements. Regardless of age, a totally and permanently disabled person is also eligible. Contact the assessor in your town or city for details and forms.