The state deed tax in Minnesota applies to which type of transactions?

The state deed tax in Minnesota applies to each deed or instrument transferring real property, which includes a wide variety of transactions beyond just residential or commercial. This tax is imposed on all conveyances of real estate, regardless of the type of property involved. Therefore, it encompasses residential sales, commercial property transactions, and investment property transfers, making it applicable in a broad range of situations.

By understanding that the state deed tax is designed to apply to any formal transfer of property ownership captured in a written deed or instrument, it becomes clear why the correct answer pertains to all types of real property transactions. This ensures that the state collects revenue from a variety of property transfers, enhancing the scope and impact of the tax.