Impact Fees

Impact fees are charges imposed by local governments on new development projects to help cover the costs of infrastructure needed due to that development, such as roads, schools, and parks. When a builder constructs a new home or commercial property, the impact fee funds improvements that will support the increased population or activity. This ensures that existing residents don’t bear the financial burden of additional services required by newcomers, and it helps maintain community resources and quality of life. Essentially, impact fees are designed to share costs fairly between developers and the community.