If you owe tax or other debt to the Minnesota Department of Revenue and cannot pay in full, you may request to make installment payments. The tax is collected and paid to the Minnesota county.This form is furnished to give you a statement of actual settlement costs. Your state income tax booklet may contain the Form M-1PR and instructions. As soon as you send payoff funds, we'll close your escrow account and stop paying taxes and insurance. Use our online calculator to determine the correct State Deed Tax (SDT) amount (the tax is . 0034 of the net consideration or purchase price) to include. A 10 day payoff is crucial to getting your old loans paid off during a refinance. Learn how it works from start to finish. How much mortgage registry tax do the Andersons owe?