US Laws, Codes, Statutes & Cases

     287.23 Real property outside county or state. 

    Subdivision 1.    Real property outside county.  If any 
 taxable deed or instrument describes any real property located 
 in more than one county in this state, the total tax must be 
 paid to the treasurer of the county where the document is first 
 presented for recording, and the payment must be receipted as 
 provided in section 287.08.  If the net consideration exceeds 
 $700,000, the nonstate portion of the tax must be divided and 
 paid over by the county treasurer receiving it, on or before the 
 20th day of each month after receipt, to the county or counties 
 entitled in the ratio which the market value of the real 
 property covered by the document in each county bears to the 
 market value of all the real property in this state described in 
 the document.  In making the division and payment the county 
 treasurer shall send a statement to the other involved counties 
 giving the description of the real property described in the 
 document and the market value of the part located in each 
 county.  The treasurer of any county may require the treasurer 
 of any other county to certify to the former the market 
 valuation of any parcel of real property for this purpose. 

    Subd. 2.    Real property outside state.  If any deed or 
 instrument describes any real property located outside of this 
 state, the tax imposed by section 287.21 must be measured upon 
 such proportion of the consideration, exclusive of the value of 
 any lien or encumbrance remaining at the time of sale, as the 
 value of the real property described in this state bears to the 
 value of the whole of the real property described in the deed or 
 instrument.  

    HIST: 1961 c 647 s 3; 1973 c 582 s 3; 1Sp1985 c 14 art 11 s 6; 
 1999 c 31 s 15 

Copyright 2005 by the Office of Revisor of Statutes, State of Minnesota.