FinancingClosing_costsHARD
Kansas's transfer tax (mortgage registration fee) is:
Correct Answer
A) No transfer tax on deeds — Kansas imposes a mortgage registration fee of 0.26% on mortgages instead
Kansas does not impose a transfer tax on deeds. Instead, Kansas charges a mortgage registration fee of 0.26% of the mortgage amount when the mortgage is recorded.
Answer Options
A
No transfer tax on deeds — Kansas imposes a mortgage registration fee of 0.26% on mortgages insteadB
$5 per $1,000 on deedsC
2% of sale priceD
$10 flat feeWhy This Is the Correct Answer
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Why the Other Options Are Wrong
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Related Topics & Key Terms
Related Topics:
closing costsmortgage registration feerecording feesKansas mortgage lawtransfer taxes
Key Terms:
mortgage registration feetransfer tax0.26%Kansas closing costsdeed tax
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