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Last Updated: 5/3/2018

Historical Tax Rates

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Deed Tax

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​Date Net Consideration * Deed Tax Rate

​August 1, 1959

$1,000 or less

More than $1,000

​$1.10

$0.55 for each additional $500

​January 1, 1968

$1,000 or less

More than $1,000

​$2.20

$1.10 for each additional $500

​July 1, 1987

​$500 or less

More than $500

​$1.65

$1.65 for each additional $500

​August 1, 2001

$500 or less

More than $500 

​$1.65

New calculation method due to law change:

  • Tax rate of .0033 multiplied by net consideration *
  • Hennepin and Ramsey counties have additional Environmental Response Fund (ERF) Tax of 0.0001  
* Net Consideration: The purchase price less the value of any liens or encumbrances, included in the purchase price, that remain on the real property at the time of the sale and are not removed as a result of the sale (for example, mortgage being assumed by buyer, special assessment liens, mechanic's liens).