Minnesota seller net sheet calculator

Minnesota sellers customarily pay the state deed tax of 0.33% of the price, a little more in Hennepin and Ramsey counties. The seller supplies the abstract or title evidence, and the buyer usually buys the owner’s policy.

Minnesota’s rules checked September 30, 2026Runs in your browser. Nothing you type is saved.

State Closing date

County or city

Minnesota: Deed tax: 0.33% of the price, usually paid by the seller. Owner’s title is usually paid by the buyer.

Sale price

$

Mortgage payoff

$

Commissions

Listing agent

Buyer’s agent

Estimated net to seller $145,991

42%keeps

Sale price$345,000
Commissions−$18,975
- Listing agent commission (3%)est.−$10,350
- Buyer’s agent compensation (2.5%)est.−$8,625
Loans and liens−$175,000
- Mortgage payoff−$175,000
Title and closing−$700
- Settlement or escrow feeest.−$600
- Recording and release feesest.−$100
Taxes−$4,334
- Deed tax−$1,139
- Property taxes (prorated)est.−$3,195
Net to seller$145,991

An estimate, not a closing statement. The title or escrow company and your lender provide the final figures, and the loan payoff comes from the lender's payoff statement. Commissions are negotiable.

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A Minnesota sale, worked out

The calculator opens on $345,000, about the median value of an owner-occupied home in Minnesota ($344,600, 2024 Census estimate), with a $175,000 mortgage payoff as an example. Commissions are whatever the seller agrees, so they’re left out here.

Before commissions and the payoff, the seller’s costs come to about $5,034, or 1.46% of the price, for a closing on December 5, 2026. Minnesota’s transfer tax on a $400,000 sale is the 21st highest of the 35 states and DC that have one.

Seller’s costs on $345,000, before commissions and the payoff
Settlement or escrow feeest.	−$600
Recording and release feesest.	−$100
Deed tax	−$1,139
Property taxes (prorated)est.	−$3,195
Total	−$5,034

Estimates are tagged “est.”; the rest follow the state’s rules.

The deed tax and title at other prices

Deed tax is 0.33% of the price, usually paid by the seller. The owner’s policy below is an estimate; your title company’s quote will differ. The buyer usually pays for it here, so it isn’t in the seller’s costs above.

Sale price	Whole deed tax	Seller usually pays	Owner’s title policy
$250,000	$825	$825	$875est.
$500,000	$1,650	$1,650	$1,750est.
$750,000	$2,475	$2,475	$2,625est.
$1,000,000	$3,300	$3,300	$3,500est.
$2,000,000	$6,600	$6,600	$7,000est.

Counties or cities in Minnesota can add a tax of their own. Add it under Other costs in the calculator.

Selling in Minnesota: what to know

Deed tax

Minnesota’s deed tax is 0.33% of the price minus any mortgage the buyer assumes, with a flat $1.65 when the price is $3,000 or less. It is the seller’s liability under the standard purchase agreement, though a contract can assign it to the buyer. Hennepin and Ramsey counties add 0.01%, for 0.34% there.

Title insurance

Under the standard Minnesota purchase agreement the seller furnishes title evidence, an abstract continued at the seller’s cost, and the buyer buys the owner’s policy. Some sources report seller-paid policies, so it is negotiable. Each side pays its own closer’s fee.

Who runs the closing

Minnesota doesn’t require an attorney. Title-company closers handle most closings.

Property taxes

Minnesota taxes are paid in the year they’re payable, in two halves due May 15 and October 15, and prorated on a calendar-year basis to the closing date. Before May 15 the seller credits the buyer for January 1 to closing; after paying a half, the seller may be reimbursed for days after closing. Any prior-year delinquent taxes are the seller’s.

Local differences

Hennepin and Ramsey add a 0.01% environmental tax to the deed and mortgage taxes. Ten counties (Anoka, Carver, Dakota, Hennepin, Ramsey, Scott, Waseca, Washington, Winona and Wright) charge a flat $5 conservation fee on each deed and mortgage. A well disclosure certificate costs $54 to file when the property has a well.

Minnesota by county

Most of Minnesota follows the rules above. These counties add a tax of their own, set a different rate or change who pays, and the calculator applies them when you pick one. Amounts are what the seller usually pays in transfer and deed taxes on $345,000, plus the owner’s title policy where the seller usually buys it.

Everywhere else in Minnesota

The state’s rules, as above

$1,139

Hennepin County

Deed tax 0.34%
Mortgage registry tax 0.24%

$1,173 +$34 vs. elsewhere

Ramsey County

Deed tax 0.34%
Mortgage registry tax 0.24%

$1,173 +$34 vs. elsewhere

Selling in Minnesota: questions

Who pays the deed tax in Minnesota?

The seller, under the standard Minnesota purchase agreement. The deed tax is 0.33% of the price, or 0.34% in Hennepin and Ramsey counties.

Who pays for title insurance in Minnesota?

Under the standard purchase agreement the seller provides title evidence and the buyer pays for the owner’s policy, though some Minnesota transactions have the seller pay. Check your contract.

How are property taxes prorated in Minnesota?

On a calendar-year basis to the closing date. Taxes are due in halves on May 15 and October 15, so the seller either credits the buyer or is reimbursed depending on what has been paid.

How much are seller closing costs in Minnesota?

Leaving out commissions, which are whatever the seller agrees, and the loan payoff, a Minnesota seller’s costs on a $345,000 sale come to about $5,034 with the calculator’s estimates and a December 5, 2026 closing: settlement or escrow fee $600, recording and release fees $100, deed tax $1,139, property taxes (prorated) $3,195. Put in your own numbers above for a closer figure.

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