Minnesota seller net sheet calculator

What a Minnesota seller walks away with after commission, payoffs, title, and transfer taxes. Rates and closing customs below are verified for Minnesota; the calculator applies them for you, down to the county.

Calculate a Minnesota net sheet Plans and pricing

State transfer tax: 0.33%
Owner's title policy: Seller pays
Seller costs on $400,000: About $23,111

Minnesota transfer tax

Minnesota charges the state deed tax of 0.33%, customarily paid by the seller. On top of that, 1 county or city transfer tax applies in parts of the state; the calculator adds them when you choose the county.

Who pays is local custom and can be changed in the contract. Rates verified 2026-09-29.
Tax	Level	Rate	Customarily paid by
State deed taxApplies: except Hennepin, RamseyMinn. Stat. 287.21: 0.33% of net consideration (+0.01% ERF in Hennepin and Ramsey); $1.65 when consideration is $3,000 or less. No rounding.	State	0.33%	Seller
State deed tax + Environmental Response Fund (Hennepin/Ramsey)	County	0.34% (0.33% + 0.01% ERF)	Seller

With no county or city chosen, split by local custom. Some counties and cities charge a different or additional rate.
Sale price	Seller pays	Buyer pays	Total
$250,000	$825	$0	$825
$500,000	$1,650	$0	$1,650
$1,000,000	$3,300	$0	$3,300

Example Minnesota seller net sheet

A $400,000 sale with a 5% commission and a $250,000 mortgage payoff. Seller closing costs come to about $23,111, or 5.8% of the price.

Title and settlement fees are typical estimates, not quotes.
Line	Seller
Sale price	$400,000
First mortgage payoff	−$250,000
Real estate commission (5%)	−$20,000
State deed tax	−$1,320
Owner's title insurance policy	−$1,300
Settlement / closing fee	−$400
Release / satisfaction recording	−$46
Wire / courier / payoff processing	−$45
Estimated net before property tax prorations	$126,889

Run it with your own numbers. Choose the county to add local taxes, and enter the closing date to prorate property taxes.

Who pays what in Minnesota

Seller commonly pays the owner's policy in the Twin Cities; varies elsewhere. Closings are usually handled by a title company. The settlement or escrow fee is paid by each side for its own closing.

Seller pays deed tax and the conservation fee ($5); buyer pays mortgage registry tax.

Property tax prorations

Property taxes are paid in arrears. The typical effective rate is about 1.1% of value per year. Calendar year; halves due May 15 and Oct 15; seller pays through closing for any unpaid half.

Mortgage taxes

Minnesota also taxes the buyer's new mortgage. These are on the buyer's side of the closing, not the seller's net sheet.

Tax	Level	Rate	Customarily paid by
Mortgage registry taxApplies: except Hennepin, Ramsey	State	0.23%	Buyer
Mortgage registry tax + ERF (Hennepin/Ramsey)	County	0.24%	Buyer

Sources

Verified 2026-09-29. A net sheet is an estimate, not a closing statement or tax advice. Final figures come from the title or escrow company. See a rate that looks wrong? Email [email protected].

Minnesota net sheet questions

Does Minnesota have a real estate transfer tax?

How much is the transfer tax on a $500,000 home in Minnesota?

With no county or city chosen, the transfer tax on a $500,000 sale is about $1,650, customarily paid by the seller. Some counties and cities charge a different or additional rate.

How much are seller closing costs in Minnesota?

On a $400,000 sale with a 5% commission, estimated seller costs in Minnesota come to about $23,111 (5.8% of the price), including $20,000 of commission. Without commission, closing costs are about $3,111. Local taxes, the payoff, and property tax prorations change the final number.

Who pays for title insurance in Minnesota?

Seller commonly pays the owner's policy in the Twin Cities; varies elsewhere.

Who handles the closing in Minnesota?

Closings are usually handled by a title company.

How are property taxes prorated when selling a home in Minnesota?