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Deed Tax Rate

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The Deed Tax rate is 0.0033 of the net consideration. Hennepin and Ramsey counties have an additional Environmental Response Fund Tax of 0.0001 (ERF Tax).*

State/County	Deed Tax Rate	Environmental Response Fund Rate
State rate for all Minnesota counties	0.0033	N/A
Hennepin County (ERF Tax)	0.0033	0.0001
Ramsey County (ERF Tax)	0.0033	0.0001

Example:

Real Property is sold for $200,000.

Location of Sale	Deed Tax Rate	Tax Due
Hennepin County	(0.0033 x $200,000) + (0.0001 x $200,000)	$680
Ramsey County	(0.0033 x $200,000) + (0.0001 x $200,000)	$680
All other Minnesota Counties	0.0033 x $200,000	$660

Definitions

Consideration: The value given in return for a conveyance of real property. (See Minnesota Statute 287.20 subdivision 2.)

Net Consideration: Consideration less the value of any lien or encumbrance remaining on the property prior to the time of sale and that is not released or satisfied as a result of the sale. An example would be a buyer’s assumption of the seller’s mortgage.

Execution and Delivery: Deed Tax is due when a taxable deed or instrument is presented for recording. (See Minnesota Statute 287.21 subdivision 1[d].)

* See Minnesota Statutes, section 383A.80 and section.383B.80

Deed Tax Rate

Example:

Definitions

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