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Deed Tax Historical Tax Rates

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Date	Net Consideration*	Deed Tax Rate
August 1, 1959	$1,000 or less More than $1,000	$1.10 $0.55 for each additional $500
January 1, 1968	$1,000 or less More than $1,000	$2.20 $1.10 for each additional $500
July 1, 1987	$500 or less More than $500	$1.65 $1.65 for each additional $500
August 1, 2001	$500 or less More than $500	$1.65 New calculation method: Tax rate of .0033 multiplied by net consideration* Hennepin and Ramsey counties have additional Environmental Response Fund (ERF) Tax of 0.0001
January 1, 2020	$3,000 or less More than $3,000	$1.65 Tax rate of .0033 multiplied by net consideration* Hennepin and Ramsey counties have additional Environmental Response Fund (ERF) Tax of 0.0001

* Net Consideration: The purchase price less the value of any liens or encumbrances, included in the purchase price, that remain on the real property at the time of the sale and are not removed as a result of the sale (for example, mortgage being assumed by buyer, special assessment liens, mechanic's liens).

Deed Tax Historical Tax Rates

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