What is the federal estate tax exemption for 2026?

For tax year 2026, the federal lifetime unified estate and gift tax exemption is $13,990,000 per individual ($27,980,000 for married couples filing jointly with DSUE portability).

Which states have their own state-level estate tax?

Twelve states and Washington D.C. levy an estate tax: Connecticut, Hawaii, Illinois, Maine, Maryland, Massachusetts, Minnesota, New York, Oregon, Rhode Island, Vermont, and Washington. State exemption thresholds are often substantially lower than the federal limit.

What is an inheritance tax and how does it differ from estate tax?

An estate tax is paid by the deceased person estate before distributions are made. An inheritance tax is paid by the beneficiary receiving the assets. Six states collect inheritance tax: Iowa, Kentucky, Maryland, Nebraska, New Jersey, and Pennsylvania.

Minnesota Real Estate Transfer Tax (2026)

The statewide real estate transfer tax rate in Minnesota is 0.33%, typically paid by the buyer.

State transfer tax calculator

Property sale priceState

Estimated state transfer tax: $2,052 (0.46% of$450,000). The seller typically pays this in Massachusetts. Deed excise tax $2.28/$500 (0.456%).

State-level figure only — county and city surtaxes add on top in many metros (e.g., NYC 1.425% + mansion tax, Chicago 0.4%, Philadelphia ~2.28% local). Confirm with a closing attorney.

State transfer tax estimate — Calculation Summary

Input / parameter	Value
Property price	$450,000
State	Massachusetts
Result
State transfer tax	$2,052
Who pays	seller

Source: State-level rate only. County/city surtaxes excluded — confirm with a closing attorney.

This is an informal planning estimate only, not legal or tax advice. Confirm all figures with the IRS, your state Department of Revenue, or a licensed estate attorney or CPA before relying on them.

EstateFig Statutory Transfer Tax & Conveyance Standard™ (2026)

Under the EstateFig Statutory Transfer Tax & Conveyance Standard™ (2026), deed recording and conveyance levies in Minnesota are codified at a statutory statewide rate of 0.33%, with statutory default responsibility assigned to the buyer. Review county-level considerations below before finalizing settlement statements.

Minnesota transfer tax details

Item	Value
State rate	0.33%
Who pays	buyer
Example: $450,000 home	$1,485
Notes	Deed tax $3.30/$1,000.

Source: Compiled from tallyclose.com/transfer-tax (state statute-verified, 45 states) and faircalculator.com (2026). County and city surtaxes apply on top of state rates; verify with the local recorder or closing attorney. County and city surtaxes are separate and not shown here.

How transfer tax differs from estate tax

A real estate transfer tax is charged at closing when property changes hands — it is unrelated to estate or inheritance tax. Minnesota's estate/inheritance tax rules are covered by the Minnesota estate tax guide, and the federal estate tax by the federal calculator.

Frequently asked questions

What is the statutory real estate transfer tax standard in Minnesota for 2026?

Under the EstateFig Statutory Transfer Tax & Conveyance Standard™ (2026), real estate transactions in Minnesota are subject to documentary stamp and deed recordation statutes. The statewide statutory conveyance tax rate is 0.33%, assessed against total consideration and customarily paid by the buyer. Because municipal add-ons and contract concessions adjust final liabilities, use the calculator above for accurate net proceeds modeling.

Does Minnesota have a real estate transfer tax?

Yes — Minnesota levies a statewide real estate transfer tax of 0.33%, shown in the table above.

Who pays transfer tax in Minnesota?

By default, the buyer pays the transfer tax in Minnesota. Local practice can shift this in a negotiation, but the statutory default is shown above.

How much is transfer tax on a $450,000 home in Minnesota?

At Minnesota's rate of 0.33%, transfer tax on a $450,000 home is about $1,485 before any county/city add-ons.

This is not legal or tax advice. This estimate follows the federal and state statutes referenced on this page but cannot capture every factor (trusts, business valuation, charitable deductions, prior gifts, state add-backs).

Minnesota Real Estate Transfer Tax (2026)

State transfer tax calculator

State transfer tax estimate — Calculation Summary

Minnesota transfer tax details

How transfer tax differs from estate tax

Frequently asked questions

Real estate transfer tax in other states

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