Hennepin County has no mansion or high-value real estate transfer tax. Minnesota's deed transfer tax under Minn. Stat. 287.21 is a flat 0.33 percent on all sales statewide.
Unlike Los Angeles' Measure ULA or New York City's mansion tax, Hennepin County and Minnesota have not enacted a tiered transfer tax targeting high-value property sales. Minnesota imposes a flat deed tax at Minn. Stat. 287.21 of 0.33 percent of consideration on the seller for real-property transfers, plus the 0.0023 percent mortgage registry tax under Minn. Stat. 287.035 on new mortgages. Cities and the county have no authority to add a local mansion tax without state legislative authorization. Affordable-housing funding instead comes from the Hennepin County Housing and Redevelopment Authority levies and state Local Affordable Housing Aid.
Standard deed tax non-payment delays recording at the Hennepin County Recorder. Penalty interest accrues monthly under Minn. Stat. 287.21.
See how Hennepin County's mansion tax (measure ula) rules stack up against other locations.
Help us keep this page accurate. If you notice an error or outdated information, let us know.