United States · Deed Tax
Minnesota taxes both sides of the closing: a deed tax of $1.65 per $500 (0.33%) on the price and a mortgage registry tax of $2.30 per $500 (0.46%) on the amount of any new mortgage. On a $350,000 home with a $280,000 loan, that is $1,155 plus $1,288 — about $2,443 before recording. Minneapolis adds a small local deed surcharge. The registry tax is why cash buyers pay materially less at closing in Minnesota.
Preset rates are indicative reference values only. Confirm current rates and any reliefs with your local tax authority.
Jurisdiction comparison at $350,000.00
Minnesota pays $1,155.00 (0.33%) vs Minnesota at $1,155.00 (0.33%).
State deed tax of $1.65 per $500 (0.33%) plus a mortgage registry tax of $2.30 per $500 (0.46%) on any new loan. Bands below are the standard residential buyer schedule used by the calculator.
| Property value | Rate |
|---|---|
| All values | Flat 0.33% of the full value |
Indicative figures compiled August 2026 — official source: Minnesota Department of Revenue. Rates are typically indexed or revised each financial year.
A USD 350,000.00 purchase in Minnesota attracts about USD 1,155.00 in deed tax at the standard indicative rates — an effective rate of 0.33%. Recording fees run $50–150; title insurance is standard. That makes the all-in cash requirement USD 351,155.00 before you factor in any deposit, legal work, or moving costs. Adjust the price in the calculator to model your own number.
State deed tax of $1.65 per $500 (0.33%) plus a mortgage registry tax of $2.30 per $500 (0.46%) on any new loan. Rates change with legislation and vary by buyer circumstances, so treat these as planning figures and confirm the current rate with Minnesota Department of Revenue before you commit.
At the indicative rates above, a USD 350,000.00 property attracts about USD 1,155.00 in deed tax — an effective rate of 0.33%. Recording fees run $50–150; title insurance is standard.. The calculator above lets you change the price and see the result instantly.
There is no general first-time buyer exemption in Minnesota at the standard indicative rates. Deed tax 0.33% on the full price. Check current eligibility rules with Minnesota Department of Revenue.
The buyer pays the tax in essentially every case in this market. It is payable in full before or at settlement and cannot normally be added to a mortgage, so it must be part of your cash budget alongside the deposit.
How we calculate: the calculator applies the official band schedule marginally — each rate applies only to the slice of the price inside its band, exactly as the revenue authority does. Worked examples are computed with the same function.
Last reviewed: . Learn more about Nirmal Lashkari and LashkariProperties.
Disclaimer: deed tax rates change with legislation and vary by buyer circumstances. These are indicative planning figures, not tax advice — confirm every number with Minnesota Department of Revenue or a qualified local professional.
