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Mortgage Tax Rate

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​The state Mortgage Tax rate is 0.0023 of the debt that is being secured by a mortgage on Minnesota real property. Hennepin and Ramsey counties have an additional Environmental Response Fund Tax of 0.0001 (ERF Tax).*   

State/County

Mortgage Registration Tax Rate Environmental Response Fund Rate
State Rate for all Minnesota Counties 0.0023 N/A
Hennepin County (ERF Tax) 0.0023 0.0001
Ramsey County (ERF Tax) 0.0023 0.0001

Example

A mortgage is recorded, securing a debt $100,000.  Depending where the property is located, the Mortgage Tax would be as follows:

Location of Sale Mortgage Registration Tax Rate Tax Due
Hennepin County

​(0.0023 x $100,000) + (0.0001 x $100,000)

$240
Ramsey County

​(0.0023 x $100,000) + (0.0001 x $100,000)

$240
All other Minnesota Counties 0.0023 x $100,000 $230
Note: The mortgagor (borrower) is the person liable for the tax, which is imposed on the recording of a mortgage.
 * See Minnesota Statutes, section 383A.80 and section 383B.80.

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