The tax imposed by section 287.035 does not apply to:
(1) a decree of marriage dissolution or an instrument made pursuant to it;
(2) a mortgage given to correct a misdescription of the mortgaged property;
(3) a mortgage or other instrument that adds additional security for the same debt for which mortgage registry tax has been paid;
(4) a contract for the conveyance of any interest in real property, including a contract for deed;
(5) a mortgage secured by real property subject to the minerals production tax of sections 298.24 to 298.28;
(6) a mortgage loan made under a low and moderate income housing program, or other affordable housing program, if: (i) the mortgagee is a federal, state, or local government agency; or (ii) the assignee is a federal, state, or local government agency;
(7) mortgages granted by fraternal benefit societies subject to section 64B.24;
(8) a mortgage amendment or extension, as defined in section 287.01;
(9) an agricultural mortgage if the proceeds of the loan secured by the mortgage are used to acquire or improve real property classified under section 273.13, subdivision 23, paragraph (a) or (b); and
(10) a mortgage on an armory building as set forth in section 193.147.
(2322) 1907 c 328 s 1; 1965 c 51 s 53; 1967 c 340 s 1; 1983 c 233 s 3; 1993 c 271 s 4; 1999 c 31 s 4; 1Sp2001 c 5 art 7 s 25; 2005 c 151 art 8 s 1; 2009 c 88 art 9 s 1; 1Sp2021 c 14 art 13 s 10
Structure Minnesota Statutes
Chapters 272 - 289 — Property Taxes
Chapter 287 — Mortgage Registry Tax; Deed Tax
Section 287.01 — Definitions; Mortgage Registry Tax.
Section 287.03 — Instruments Valid Security For Debt.
Section 287.035 — Imposition Of Tax.
Section 287.05 — Determination Of Tax In Special Situations.
Section 287.08 — Tax, How Payable; Receipts.
Section 287.10 — Prepayment Of Tax; Evidence; Notice.
Section 287.11 — Mortgages Recorded Or Registered Prior To Passage Of Sections 287.01 To 287.12.
Section 287.12 — Taxes, How Apportioned.
Section 287.13 — Violations; Civil Penalties.
Section 287.21 — Imposition Of Tax; Determination Of Tax.
Section 287.2205 — Tax-forfeited Land.
Section 287.221 — New Residential Construction.
Section 287.222 — Transfer To Obtain Financing.
Section 287.223 — Hennepin And Ramsey Counties.
Section 287.23 — Real Property Outside County Or State.
Section 287.24 — Persons Liable.
Section 287.241 — Statement Of Tax Due Or Exemption; Recording Or Registering Of Documents.
Section 287.25 — Payment Of Tax.
Section 287.28 — Refunds Or Redemption.
Section 287.29 — Payment Of Receipts To State General Fund; Reports.
Section 287.30 — County Treasurer; Duties.
Section 287.31 — Violations; Civil Penalties.
Section 287.325 — Violations; Criminal Penalties.
Section 287.33 — Expenses Of Administration.
Section 287.37 — Commissioner's Powers; Data Classification.