Minneapolis is located in Hennepin County, Minnesota. Minnesota imposes a deed tax of 0.33% of the net consideration (33 cents per $100) on all real estate transfers. The minimum tax is $1.65. The tax is collected by Hennepin County at the time of deed recording. There is no additional city-level transfer tax imposed by Minneapolis beyond the state rate.
In Minneapolis and throughout Minnesota, the deed tax is paid by the grantor (seller) at closing. This obligation is set by state law, though the purchase contract may address how costs are shared. Buyers and sellers should confirm payment responsibilities with their real estate attorney or title company.
Certain Minneapolis real estate transactions may be exempt from Minnesota's deed tax. Common exemptions include transfers with consideration of $500 or less, transfers to qualifying governmental entities, transfers between spouses with no additional consideration, and certain foreclosure-related transfers. Consult a Minnesota real estate attorney to determine whether your transaction qualifies for an exemption.