Mortgage Registration Tax

Minnesota Statute 287.035 provides for mortgage registration tax to be paid on mortgages to be recorded. The rate is .0023 of the mortgage amount. (Example: $105,250 X .0023 = $242.08 mortgage registration tax).
For mortgages which are exempt from mortgage registration tax, see Minnesota Statute 287.04.

Mortgage registration tax is paid to the Rice County Auditor/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 Rice County Recorder's website.