Wednesday, July 26, 2006

Hillsborough County Raises Impact Fees

The long anticipated increase in impact fees on new home construction was approved by Hillsborough County commissioners. After 20 years of no increase, the impact fees will be increased from the ridiculously low figure of $196 for a 3 bedroom home.

The new impact fees for schools wil increase to $2,000. on a home between 2,000 and 2,499 effective November 1, and will double to $4,000. on August 1, 2007. After full implementation, the fee is expected to raise $43 million per year.

In contract, the Tampa Tribune quotes Keven Robles of McCar Homes, who stated that: "his company pays $12,000. in impact fees for every home it builds in Pasco County. Of that, $4,300 goes toward new school construction,......up from $1,900 last year.

Of course, we all anticipate that these fees will be passed on by the builders to the future new home buyers.

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