Mansions for Sale in Connecticut

Average Mansion and Luxury Home Prices in Connecticut

Old Greenwich	Fairfield	CT	1,757,500
Greenwich	Fairfield	CT	1,700,000
Riverside	Fairfield	CT	1,530,000
New Canaan	Fairfield	CT	1,405,000
Darien	Fairfield	CT	1,305,000
Norwalk	Fairfield	CT	1,300,000
Greenwich	Fairfield	CT	1,172,000
Westport	Fairfield	CT	1,170,000
Cos Cob	Fairfield	CT	979,250
Southport	Fairfield	CT	960,000
Weston	Fairfield	CT	900,000
Wilton	Fairfield	CT	855,000
Stamford	Fairfield	CT	845,000
Stamford	Fairfield	CT	760,000
Easton	Fairfield	CT	740,000
Ridgefield	Fairfield	CT	694,525

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General
Connecticut is located in the New England region of the northeastern United States. The state borders Rhode Island, Massachusetts, New York, and because various islands of New York span Connecticut's entire coast, New York as well to the south.

Southwestern Connecticut is part of the New York metropolitan area, and three of Connecticut's eight counties?including the majority of the state's population?are in the New York City combined statistical area, commonly referred to as the Tri-State Region. The center of population of the state is in Cheshire in New Haven County.

Connecticut enjoys a temperate climate due to its long coastline on Long Island Sound. This has given the state a strong maritime tradition. Modern Connecticut is also known for its wealth. In the 18th and 19th centuries, Connecticut had ready access to raw materials which helped to develop a strong manufacturing industry, and financial organizations flourished. This prosperity has helped give Connecticut the highest per capita income, Human Development Index, and median household income in the country.

Economy
The total gross state product for 2006 was $204 billion. The per capita income for 2007 was $54,117, ranking first among the states. There is, however, a great disparity in incomes through the state; although New Canaan has one of the highest per capita incomes in America, Hartford is one of the ten cities with the lowest per capita incomes in America. As with Bridgeport, New Haven and other cities in the state, Hartford is surrounded by wealthier suburbs.

New Canaan is the wealthiest town in Connecticut, with a per capita income of $85,459. Darien, Greenwich, Weston, Westport and Wilton also have per capita incomes over $65,000. Hartford is the poorest municipality in Connecticut, with a per capita income of $13,428 in 2000. There are other lower-income and blue-collar towns, mostly parts of towns, in the eastern part of the State.

Taxes
The individual income tax rate is divided into two tax brackets of 3% and 5%. All wages of a Connecticut resident are subject to the state's income tax, even when the resident works outside of the state. However, in those cases, Connecticut income tax must be withheld only to the extent the Connecticut tax exceeds the amount withheld by the other jurisdiction. Since New York state has higher tax rates than Connecticut, this effectively means that Connecticut residents that work in New York state pay no income tax to Connecticut.

Connecticut levies a 6% state sales tax on the retail sale, lease, or rental of most goods. Some items and services in general are not subject to sales and use taxes unless specifically enumerated as taxable by statute. There are no additional sales taxes imposed by local jurisdictions. During the summer there is one week during which sales tax on certain items and quantities of clothing is not imposed in order to assist those with children returning to school.

All real and personal property located within the state of Connecticut is taxable unless specifically exempted by statute. All assessments are at 70% of fair market value. Another 20% of the value may be taxed by the local government though. The maximum property tax credit is $500 per return and any excess may not be refunded or carried forward. Connecticut does not levy an intangible personal property tax.

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