Sign In
Last Updated: 4/16/2018

Mortgage Tax Rate

Contact Us

​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.