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Deed Tax
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Deed TaxMinnesota
Statute 287.21 provides for deed tax to be paid on deeds to be
recorded. The rate is
.0033 of the purchase price. (Example:
$105,250 X .0033 = $347.33 deed tax). The minimum deed tax amount is
$1.65.
If
one of the following statements appears on the deed, a Certificate of
Real Estate Value (CRV) is not required to be filed with the deed:
“Total
consideration is $500 or less" or “Total consideration is $1,000
or less”. For
documents which are exempt from deed tax see Minnesota Statute
287.22. The Deed Tax Exemption (DT1) Form is available (in the PDF format) from the Minnesota Department of Revenue Web Site. Deed tax is paid to the Clay County Treasurer with 3% retained by the County and 97% submitted monthly to the State of Minnesota. For further information about recording real estate documents please visit the Clay County Recorder’s web site. Note: To view and print Portable Document Format (PDF) files you need the free Adobe® Acrobat® Reader software. Adobe and Acrobat Reader are trademarks of Adobe Systems Incorporated. |
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