Printer Friendly
Email to a Friend
Governor Brownback
TOPEKA, Kan. (AP) - Gov. Sam Brownback says phasing out the Kansas mortgage registration fee will help the state's economy grow, but counties fear they'll be forced to boost property taxes to make up the lost revenue.
Brownback said Thursday that a home is the biggest purchase most people make and phasing out the fee will help borrowers a little bit. He signed legislation Wednesday to phase the fee out by 2019.
The state imposes a fee of $2.60 for every $1,000 borrowed to register mortgages, and most of the money goes to the 105 counties.
The new law will increase other fees, but the Legislature's staff projects that counties still will lose $53 million over the next five years.
And some county officials believe those estimates understate the potential losses.
© Associated Press
|
MOST VIEWED STORIES
Cold case investigation leads to Holton warrant
Effingham owner regains truck following theft, arrest
Horton City Clerk's resignation accepted Monday
Former Kickapoo Tribal chairman arrested
Local residents avoid injury in chain reaction crash
Winchester native named as Amberwell CEO
Mayetta pair arrested on meth, child endangerment charges
Holton property search concludes with arrest
Stolen trailer, 4-wheeler, recovered in Atchison
Juveniles face charges following Atchison break-in
Atchison Co's Oswald named honorary bailiff for KS Court
Two arrested following Friday Jackson Co traffic stop
McLouth man injured in Monday wreck
No injuries in early Sunday morning house fire in Falls City
Senator Slama on tax relief efforts
Commission approves agreement for budget help
Pawnee City School Board approves personnel changes
Council hears report from golf course
KS prepares for severe weekend weather
Richardson County accepted into managed call handling program
LATEST STORIES
KS prepares for severe weekend weather
Richardson County Board approves pay raise for dispatchers
NPPD urges farmers to be safe around power lines
Arbor Day proclaimed in Atchison
Former AG Schmidt running for KS' 2nd Congressional District
Doniphan Co Commission approves overlay projects
Rural Horton man charged in alleged beating
Holton property search concludes with arrest
Hiawatha, Ks 66434