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