Real Estate Fees
State Deed Tax
Instruments requiring deed tax per MSA 287.21 must state the amount of tax due, or if it is exempt. The tax will be calculated at a rate of .0033 per the amount of consideration, exclusive of the value of any lien or encumbrance remaining at the time of the sale. The minimum amount is $1.65.
Example: $100,200.00 x .0033 = $330.66
New minimum deed tax takes effect on January 1, 2020.
Consideration $0.00 to $3,000.00 is $1.65 tax. No e-CRV is required.
Any amount $3,000.01 or more needs an e-CRV completed.
Mortgage Registration Tax
For instruments taxable under MSA 287.05, tax will be calculated at a rate of .0023 of the principal debt or obligation that is secured by any mortgage of real property in the State of Minnesota.
Example: $79,500.50 x .0023 = $182.86
Payment of the current year taxes is required when tax parcels are split, per MSA 272.121, or land is platted. Survey required. See Land Split Ordinance. (Tab)
Electronic Certificate of Real Estate Value
To complete an eCRV form, go to the Minnesota Department of Revenue site:
Required on conveyance documents when the consideration is $3,000.01 or more.
Well Disclosure Certificate
Required when there is a well on the property and a Certificate of Real Estate Value is required (MSA 1031.235). If there are no changes in the well, a statement on the deed is acceptable.