This version of the form is not currently in use and is provided for reference only. Download this version of Form MRT1 for the current year.
This is a legal form that was released by the Minnesota Department of Revenue - a government authority operating within Minnesota. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form MRT1?
A: Form MRT1 is the Mortgage Registry Tax form in Minnesota.
Q: What is the purpose of Form MRT1?
A: The purpose of Form MRT1 is to report and pay the mortgage registry tax in Minnesota.
Q: Who needs to file Form MRT1?
A: Lenders or borrowers who are involved in a mortgage transaction in Minnesota need to file Form MRT1.
Q: When should Form MRT1 be filed?
A: Form MRT1 should be filed within 15 days of the mortgage transaction.
Q: How can Form MRT1 be filed?
A: Form MRT1 can be filed electronically or by mail.
Q: What is the current mortgage registry tax rate in Minnesota?
A: The current mortgage registry tax rate in Minnesota is 0.23% of the principal debt secured by the mortgage.
Q: Are there any exemptions to the mortgage registry tax in Minnesota?
A: Yes, there are certain exemptions to the mortgage registry tax in Minnesota, such as mortgages for affordable housing or mortgages secured by government entities.
Form Details:
Download a fillable version of Form MRT1 by clicking the link below or browse more documents and templates provided by the Minnesota Department of Revenue.