Mortgage Registry and Deed Tax

The Minnesota Department of Revenue administers the Deed Tax and Mortgage Registry Tax.

Deed Tax

Deed Tax is based on the price paid for Minnesota real property. It is collected and paid to the Minnesota county where the conveyance document is being recorded.

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 (ERT Tax).

Mortgage Registry Tax

Mortgage Registry Tax is based on the amount of debt being secured by Minnesota real property. The tax is collected and paid to the Minnesota county where the mortgage document is being recorded.

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 (ERT Tax).