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Minnesota Statutes Property Taxes (Ch. 272-289) § 287.035. Imposition of tax

Current as of January 01, 2025 | Updated by Findlaw Staff

A tax is imposed on the privilege of recording a mortgage. The tax rate is .0023 of the debt or portion of a debt that is secured by any recorded mortgage of real property located in this state. The person liable for the tax is the mortgagor. The tax is not imposed on the lawful interest amounts that may accrue with respect to a debt.

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Cite this article: FindLaw.com - Minnesota Statutes Property Taxes (Ch. 272-289) § 287.035. Imposition of tax - last updated January 01, 2025 | https://codes.findlaw.com/mn/property-taxes-ch-272-289/mn-st-sect-287-035/

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