Deed Tax Manufactured, Prefabricated and Modular Homes
Land and Home Package
Minnesota Deed Tax is based on the monetary value that is given in return for a conveyance of real property.
The total subject to Deed Tax includes any improvements to the land or home included in the purchase price.
Thomas signs a purchase agreement with ABC Homes for $170,000.
|Home Cost||$ 75,000|
|Septic System||$ 10,000|
|Deed Tax (.0033 x purchase price; .0034 in Hennepin/Ramsey County)||$ 561|
When the deed between ABC Homes and Thomas is recorded, Deed Tax in the amount of $561 is due.