Minimum Sales Rate Tax for 2024
| 6.35% | Column content | Column content | Column content | Column content | |
| 0% | Column content | Column content | Column content | Column content | |
| 0% | Column content | Column content | Column content | Column content | |
| Column content | Column content | Column content | Column content | ||
| Column content | Column content | Column content | Column content | ||
| Column content | Column content | Column content | Column content | ||
| Column content | Column content | Column content | Column content | ||
| Column content | Column content | Column content | Column content | ||
| Column content | Column content | Column content | Column content | ||
| Rtd Greater Denver | Column content | Column content | Column content | Column content | |
| Scientific & Cultural Fac.(cd) | Column content | Column content | Column content | Column content | |
| Regional Transport Authority | Column content | Column content | Column content | Column content | |
| Minimum combined sales tax rate value | 6.5% | Column content | Column content | Column content | Column content |
| Special tax | Column content | Column content | Column content | Column content | |
| Economic sales nexus threshold | $100,000 | Column content | Column content | Column content | Column content |
| Transactions threshold | 200 (must be both) | Column content | Column content | Column content | Column content |
| Sales tax return filing due date | 20th or last day of the month following the reporting period. | Column content | Column content | Column content | Column content |
The statewide state sales tax rate in Connecticut is 6.5%, and since the Fairfield County and city-specific sales tax rates are both 0%, the minimum sales tax rate for Bridgeport is 7.5%.
How to calculate your sales tax rate
Use our online sales tax calculator to determine the combined state and local sales tax rate for each location where you have a physical or economic nexus. Just enter your state and ZIP code to get your sales tax rate.
Looking for help calculating your sales tax? Contact us today to book a free consultation!
What is nexus?
In Bridgeport, businesses must understand “nexus” to determine their tax obligations. Nexus refers to the connection that requires a business to collect sales tax in a state. This concept became even more important after the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc., which allowed states to require sales tax collection based on economic activity rather than just a physical presence.
Specific sales tax rules for Bridgeport
In Connecticut, SaaS for personal use is taxed at the full state rate, while business use is taxed at a reduced rate of 1%. Digital goods and prewritten software accessed or transferred electronically are taxed at 6.35% for personal use and 1% for business use. A 7.75% luxury tax applies to items like apparel, handbags, luggage, umbrellas, wallets, and watches priced over $1,000, which is higher than the standard sales tax rate of 6.35%.
When it comes to property taxes, Connecticut uses a mill rate system. One mill equals $1.00 of tax for every $1,000 of assessed property value. For the fiscal year 2024-2025, the mill rate is 43.45 for real estate and personal property, and 32.46 for motor vehicles. For example, if a property’s assessed value (which is typically 70% of its market value) is $200,000, the tax would be calculated as $200,000 multiplied by the mill rate of 0.04345, resulting in a tax of $8,690.
Services
Generally exempt from tax.
Goods
Products like appliances, cars, furniture, electronics, and sports equipment are typically taxed.
Clothing
Usually taxed.
Electronics
Taxable.
SaaS
Taxable.
Digital Products
Typically tax-exempt if delivered electronically.
Software
Prewritten and downloaded software is taxed, while custom software may be exempt.
Freight/Shipping
Taxed if tied to the sale of taxable goods.
Speak to a US sales tax expert today
Schedule a call today
