Letters to the Editor

December 4, 2013 12:00 AM

Mortgage fee an unfair tax

Did you know that Kansas is one of only nine states that impose a fee, which Kansas courts have declared a tax, on purchasers of real estate when they take out a loan to finance that purchase? A person who has cash to purchase a home or land isn’t required to pay the tax. Additionally, borrowers who utilize government-sponsored lenders, such as Farm Credit, are not subjected to the mortgage registration tax.

Related content

Comments

Videos

More Videos

Wichitan prepares to compete for American Ninja Warrior 03:41

Wichitan prepares to compete for American Ninja Warrior

Celebrating 100 Years at Camp Wood YMCA 00:54

Celebrating 100 Years at Camp Wood YMCA

Shocker New Venture Competition 00:53

Shocker New Venture Competition

Falling ag land values mean trouble for farmers 01:04

Falling ag land values mean trouble for farmers

Over The Road Pickup Truck 03:52

Over The Road Pickup Truck

Scenes from the Kansas tax debate 02:07

Scenes from the Kansas tax debate

Lesser Prarie Chicken Research 02:13

Lesser Prarie Chicken Research

Help For Lesser Prairie Chicken 03:42

Help For Lesser Prairie Chicken

Bathroom bill protest 01:41

Bathroom bill protest

Wichita State women's tennis coach Colin Foster 01:27

Wichita State women's tennis coach Colin Foster

Talking Shocker backcourt for 2016-17 06:37

Talking Shocker backcourt for 2016-17

Museum exhibit features baseball game between all-black Monrovians and KKK in 1925 01:37

Museum exhibit features baseball game between all-black Monrovians and KKK in 1925

Share Video

Editor's Choice Videos