Minnesota Transfer Tax: How Much It Is and Who Pays
Minnesota's Deed Tax is 0.33% of the purchase price: $1,170 on a $354,500 home. Cities and counties add their own; Hennepin County's brings the total there to $1,205.
Minnesota transfer tax by purchase price
| Purchase price | State tax | Total |
|---|---|---|
| $150,000 | $495 | $495 |
| $200,000 | $660 | $660 |
| $250,000 | $825 | $825 |
| $300,000 | $990 | $990 |
| $350,000 | $1,155 | $1,155 |
| $400,000 | $1,320 | $1,320 |
| $450,000 | $1,485 | $1,485 |
| $500,000 | $1,650 | $1,650 |
| $600,000 | $1,980 | $1,980 |
| $700,000 | $2,310 | $2,310 |
| $800,000 | $2,640 | $2,640 |
| $1,000,000 | $3,300 | $3,300 |
Transfer tax calculator
Who pays
In Minnesota the seller pays the transfer tax by statute or custom, so it usually reduces the seller's proceeds rather than adding to the buyer's closing costs. Statute does not assign who pays; standard practice has the seller pay as the party presenting the deed for recording. Source
City and county transfer taxes in Minnesota
These stack on the state tax. Open a jurisdiction for the combined figure at every price.
| Jurisdiction | Local rate | Total on a $354,500 home |
|---|---|---|
| Hennepin County | 0.01% of the purchase price | $1,205 |
| Ramsey County | 0.01% of the purchase price | $1,205 |
Frequently asked questions
How much is the transfer tax in Minnesota?
The state rate is 0.33% of the purchase price, which is $1,170 on a $354,500 home; Hennepin County and Ramsey County add a local tax on top.
Who pays the transfer tax in Minnesota?
In Minnesota the seller pays the transfer tax by statute or custom, so it usually reduces the seller's proceeds rather than adding to the buyer's closing costs. Statute does not assign who pays; standard practice has the seller pay as the party presenting the deed for recording. Source
Is there a mortgage or recordation tax too?
Yes: Minnesota also taxes the mortgage when it is recorded, 0.23% of the purchase price, paid by the borrower. Mortgage Registry Tax (MRT) of 0.23% (0.0023) of the amount of debt secured by the buyer's mortgage, statewide; Hennepin and Ramsey counties add a 0.01% Environmental Response Fund (ERF) surcharge (0.24% total in those two counties). Minn. Stat. 287.05 makes the mortgagor (buyer/borrower) statutorily liable for the tax.
Are there exemptions?
No general first-time-buyer transfer-tax exemption identified; Minn. Stat. 287.22 exempts certain transfers (e.g., government, nominal consideration under $500) but not owner-occupancy.
Sources
Rates as the statute or revenue department publishes them, checked 2026-09-22. Figures are computed from those rates and rounded to the dollar; exemptions for first-time buyers or principal residences are noted where they exist and are not applied. All sources.
All Minnesota buyer closing costs → Minnesota title insurance cost →
Figures are computed from the statute cited above and rounded to the dollar. This is general information, not tax or legal advice.
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