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Deed Tax
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Mortgage Registration TaxMinnesota
Statute 287.035 provides for mortgage registration tax to be paid on
mortgages to be recorded. The
rate is .0023 of the debt secured.
(Example: $105,250 X .0023 = $242.08 mortgage registration tax).
For
mortgages which are exempt from mortgage registration tax see Minnesota
Statute 287.04. The Mortgage Registry Tax Exemption (MRT1) Form is available (in the PDF format) from the Minnesota Department of Revenue Web Site. Additional Mortgage Tax information regarding Mortgage Amendment, Additional Security, and Mortgage Modification is also available in the PDF format. Mortgage
registration 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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