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Minnesota Statute 287.21 provides for deed tax to be paid on deeds to be recorded. The rate is .0033 of the purchase price. (Example: $105,250 X .0033 = $347.33 deed tax). The minimum deed tax amount is $1.65.
If one of the following statements appears on the deed, a Certificate of Real Estate Value (CRV) is not required to be filed with the deed:
“Total consideration is $1,000 or less"
For documents which are exempt from deed tax see Minnesota Statute 287.22. For further information about recording real estate documents, please visit the Rice County Recorder's website.
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