Log Out | Member Center



County commissioners support keeping state mortgage registration fee

  • The Wichita Eagle
  • Published Wednesday, Jan. 15, 2014, at 10:16 a.m.

Sedgwick County commissioners voiced their support Wednesday to keep the state’s mortgage registration fee.

Board members passed a resolution asking the Kansas Legislature to keep the fee, charged on all mortgage transactions.

Realtors and bankers are lobbying to repeal the fee, which is estimated to generate about $47 million statewide – including $6 million to $8 million in Sedgwick County — every year.

But county officials warn that property taxes for everyone will have to go up if the fee is eliminated, including for property owners who already paid the fee.

The current fee is a one-time payment of .26 percent of the principal debt securing the mortgage.

Subscribe to our newsletters

The Wichita Eagle welcomes your comments on news of the day. The more voices engaged in conversation, the better for us all, but do keep it civil. Please refrain from profanity, obscenity, spam, name-calling or attacking others for their views. Please see our commenting policy for more information.

Have a news tip? You can send it to wenews@wichitaeagle.com.

Search for a job


Top jobs