Form Dt1 - Deed Tax

Download a blank fillable Form Dt1 - Deed Tax in PDF format just by clicking the "DOWNLOAD PDF" button.

Open the file in any PDF-viewing software. Adobe Reader or any alternative for Windows or MacOS are required to access and complete fillable content.

Complete Form Dt1 - Deed Tax with your personal data - all interactive fields are highlighted in places where you should type, access drop-down lists or select multiple-choice options.

Some fillable PDF-files have the option of saving the completed form that contains your own data for later use or sending it out straight away.

ADVERTISEMENT

DT1
Deed Tax
Form DT1 may be used to document your claim for an exempt or minimum tax transfer. Note: In the absence of a qualifying reason, deed
tax must be based on at least the fair market value of the property being conveyed (M.S. 287.20, subd. 2). The “full” deed tax rate is .0033
(.0034 in Hennepin/Ramsey Counties).
Name of grantor
Enter reason code (see below)
Name of grantee
Deed tax amount
Property ID number
Minimum tax = $1.65
($1.70 for Hennepin and Ramsey counties)
Grantor, grantee or representative, sign below
I declare that the information on this certificate is correct and complete to the best of my knowledge and belief.
I understand that there are penalties for underpayment of tax (M.S. 287.31 and M.S. 287.325).
Signature of grantor/grantee or authorized agent
Title
Date
Print name
E-mail address (optional)
Daytime phone
Address
City
State
Zip code
If you have questions, call 651-556-4721.
Reason codes
Ownership change provision: Any owner-
12 Transfer pursuant to a permanent school
Exempt transfers
ship change in the grantee/transferee entity
fund land exchange under M.S. 92.121
1 Transfer of real property by court order.
within six months after a designated trans-
and related laws.
The change in ownership must result
fer triggers a retroactive deed tax.
from the order itself.
13 Deed or other instrument that grants,
creates, modifies or terminates an
22 Deed of real property resulting from the
2 Transfer of real property through
easement.
consolidation or merger of two or more
certificate of sale issued to the purchaser
corporations, limited liability compa-
in a mortgage or lien foreclosure sale.
14 Deed transferring real property
nies, or partnerships, or any combina-
pursuant to a Ch. 11 or Ch. 12 plan of
3 Transfer of real property through a
tion of such entities.
reorganization.
certificate of redemption issued to the
23 Deed gifting real property.
redeeming mortgagor, their heir, devisee
15 Deed resulting from a business conver-
24 Deed given in lieu of foreclosure. Deed
or representative.
sion as listed in M.S. 287.21.
includes non-merger language and the
4 Deed to or from the federal government.
Minimum tax transfers
FMV of the property minus the mort-
5 Deed conveying real property located
Designated transfers (codes 16 through 20).
gage lien is $500 or less.
within the historic boundaries of a
16 Deed between a sole owner and entity
25 Deed correcting error for less than $500
federally recognized American Indian
owned directly or indirectly by that sole
of consideration (corrective deed).
tribe if the grantor or grantee is the tribal
owner, or between two entities owned
26 Deed from an intermediary as part of
government or member of a tribe.
directly or indirectly by the sole owner.
an IRC section 1031 exchange. The in-
6 Deed between the parties to a marriage
17 Deed between a husband and wife and
termediary’s total document fee for the
dissolution pursuant to the terms of the
an entity owned directly or indirectly
transfer is $500 or less. A “full” deed
dissolution decree.
by the couple, or between two enti-
tax was paid on the FMV of the real
7 Deed conveying a cemetery lot or lots.
ties owned directly or indirectly by the
property when the transfer was made to
couple.
the intermediary.
8 Deed by a personal representative
distributing the decedent’s property
18 Deed between co-owners and an entity
27 Deed written between a principal and
according to the terms of the will or
owned directly or indirectly by the co-
agent, and the agent’s total compensa-
probate court order.
owners, or between two entities owned
tion for the entire transaction, monetary
directly or indirectly by the co-owners.
or otherwise, is less than $500.
9 Transfer on death deed defined under
M.S. 507.071.
19 Deed between a grantor and a revocable
28 If above codes do not apply, use Code
28 and explain below or attach a sepa-
trust created by that grantor.
10 Deed between co-owners partitioning
rate sheet.
their undivided interest in the same piece
20 Deed transferring substantially all
of property.
assets of a corporation pursuant to a re-
organization under IRC section 368(a).
11 Deed to a builder for the purpose
of obtaining financing to build an
21 Deed transferring substantially all
improvement for the grantor. Upon
assets of a partnership pursuant to a
completion the real property is
continuation under IRC section 708.
reconveyed to the land owner.
(Rev 5/17)

ADVERTISEMENT

00 votes

Related Articles

Related forms

Related Categories

Parent category: Financial
Go