View Single Post
 
Old 02-12-2020, 02:31 PM
birdiebill birdiebill is offline
Senior Member
Join Date: Jan 2016
Location: Osceola Hills
Posts: 295
Thanks: 28
Thanked 235 Times in 101 Posts
Default

Quote:
Originally Posted by Advogado View Post
This post absolutely misses the point.

The Developer is responsible for the need for the new roads and should be paying for them through an increase in his sweetheart impact fee. He should also be paying for other infrastructure (like libraries, fire, and police stations, related equipment) the way he would say in Collier County, where he would be paying $20,000/house or more than 20 times more than he pays here.

Who makes up for the lost impact-fee revenue? You, I, and the other Sumter County taxpayers do. In reality, the tax increase is going into the Developer's pocket, right beside his County Commissioners.
A point that seems to be missing is that developers do not pay for impact fees out of their own pockets. An impact fee is just another cost of doing business, and that fee is added to the final cost of the new home. The higher the impact fee, the higher the cost of the new home. In reality the new home owner pays the impact fee.
__________________
Indiana, Virginia, Vietnam, Tennessee, Indiana, Alabama, S. Korea, Georgia, Washington, Hawaii, Washington, Indiana, Osceola Hills