
12-12-2023, 01:33 PM
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Sage
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Join Date: Feb 2012
Location: Illinois, Tennesee, Florida, Village of Caroline, Sanibel, LaBelle
Posts: 6,144
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40K impact fee??
Quote:
Originally Posted by Robnlaura
Certainly it’s really feasible when you can buy 18 acres from leesburg for example In 2021, the city approved the sale of an additional 18 acres to The Villages for $366,800, each acre can handle 4 homes (.25) add the $40k impact fee at 5% interest that alone is over $100k x 4 for 20 years.. just don’t tell anyone its a HOA fee and everyone will believe you.
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You must be talking about the bond and not an impact fee. The bond is paid by the resident and will be on your yearly Real Estate tax Bill unless you pay it in full. An impact fee is paid by the Developer.
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