Investment properties
What is the Minnesota deed tax when selling a house?
Direct Summary (TL;DR)
Minnesota charges a deed tax of 0.33% of the sale price, paid by the seller at closing under Minn. Stat. § 287.21. Hennepin and Ramsey counties add a 0.01% environmental response fee, making it 0.34% there. On a $425,000 sale that is $1,445. Sales of $3,000 or less pay a flat $1.70.
I wrote this answer, and I stand behind it. I'm Chris Deutsch, a Minneapolis Realtor (MN #20382264). Twenty-five years of walking these neighborhoods, checking basements, and sitting across kitchen tables from people making exactly this call. I re-check every answer and date it — this one was last verified .
If your situation is more specific than the market, that's the one worth talking through. Email me at chris@lakesarearealty.com.
Transition Lens: generalSource: Minn. Stat. § 287.21; Hennepin County RecorderID: econ-102