US Home Sales Tax

Minnesota transfer tax calculator

Minnesota charges a deed tax of 0.33% of the sale price. Hennepin and Ramsey counties charge 0.34%.

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Other closing costs cover title, escrow or attorney fees and recording. One percent is a common planning figure.

Estimated net proceedsMinnesota ยท Rates verified November 2026
Pay to the order ofYou, the seller$372,680

Three hundred seventy-two thousand six hundred eighty and 00/100 dollars

$400,000 sale, less $27,320 in costs and payoff

Itemised estimate
Sale price$400,000
Agent commission-$22,000
Transfer taxRate: 0.33% of the sale price. Usually paid by the seller.-$1,320
Other closing costs-$4,000
Mortgage payoff$0
You keep$372,680

How transfer tax works in Minnesota

Rate
0.33% of the sale price
Who usually pays
The seller, by custom.
Local taxes
Hennepin and Ramsey counties add 0.01% for an environmental fund, which makes their rate 0.34%.
Official source
Minnesota Department of Revenue
Last verified

Minnesota transfer tax at common sale prices

Sale priceTotal transfer taxSeller's usual shareSeller keeps before mortgage payoff
$150,000$495$495$139,755
$250,000$825$825$232,925
$400,000$1,320$1,320$372,680
$600,000$1,980$1,980$559,020
$1,000,000$3,300$3,300$931,700

Assumes a 5.5% agent commission and 1% in other closing costs, at the "All other counties" rate. Change any figure in the calculator above.

Local rates in Minnesota

CountyTotal tax on a $400,000 saleSeller's usual share
All other counties$1,320$1,320
Hennepin or Ramsey County$1,360$1,360

Questions Minnesota sellers ask

How much is transfer tax in Minnesota?

Minnesota charges 0.33% of the sale price. On a $400,000 sale the total comes to $1,320, and the seller's usual share is $1,320.

Who pays the transfer tax in Minnesota, the buyer or the seller?

The seller, by custom.

Are there local transfer taxes in Minnesota?

Hennepin and Ramsey counties add 0.01% for an environmental fund, which makes their rate 0.34%.

How do I estimate my net proceeds in Minnesota?

Start with the sale price, then subtract the agent commission, your share of the transfer tax, title and closing fees, and the balance left on your mortgage. On a $400,000 sale with a 5.5% commission and 1% in other costs, a Minnesota seller keeps about $372,680 before paying off the mortgage.

Buying in Minnesota instead? See taxes when buying a house in Minnesota.

More on the basics: What closing costs does a seller pay?, Who pays the transfer tax, the buyer or the seller?, How to calculate net proceeds from a home sale.

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