Sumter County Impact Fees Increase
 

News Flash • Sumter County Road Impact Fees to Increase Jan

Posted on: November 19, 2024
Sumter County Road Impact Fees to Increase January 1, 2025

Effective January 1, 2025, road impact fees will increase for new development in Sumter County.

These one-time fees are assessed at the issuance of new building permits and help fund essential infrastructure improvements, such as new roads, additional lanes, and intersection upgrades required to support community
growth.

New Impact Fee Rates for Residential Development:
🏠Detached single-family home: $2,999
🏠Attached single-family and multi-family (three floors or less): $2,150
🏠Multi-family (low-rise less than three floors): $2,150
🏠Multifamily (mid/high rise more than three floors): $1,596
🏠Mobile home park: $1,101
🏠Detached home in a retirement community: $1,094
🏠Attached home in retirement community: $621

Impact fees for business developments will also increase. These fees apply only to new development and will not affect existing homeowners or businesses.

For a full list of impact fees, please visit our website:
Road Impact Fee Schedules | Sumter County, FL - Official Website

Sumter County remains committed to maintaining safe and efficient roadways as the community grows.

Does this get passed on to homeowners as a higher bond?

Super Cheap
 

Wow, those fees hardly reach an increment on the Florida scales compared to our other counties. They are 11,500 in Lake County.

Unrelated to the current bond but who knows what else will change. The additional cost for developing an area should be passed on to new homeowners as a higher price. It offers potential relief from higher taxes for existing homeowners.

Simplified (possibly over-simplified) example:
- In order to build out the area south of 44, changes were required to the existing roads in the area. Some were improved, some were widened, some were created.
- The County essentially contracted with an outside firm to have the work done.
- Part of the 30% tax increase a few years ago was needed to pay for that work.
- With a higher impact fee, more of the cost of those infrastructure improvements will be paid by the developer and less will come from taxes.

Fun Facts
 

To make things even more interesting:

Sumter County recently paid 50 million to the developer for roads around Southern Oaks. https://www.**************.com/2021/...southern-oaks/

Residents pay on average 40-50 thousand per home to the developer.

The developer is currently charged only about 1,000 per home.

I wonder who wins in this math paradigm?

As a one time fee, I would hazard, that the developer swallows addition , or puts it on final house purchase price.

For what it’s worth from Mr. Google the average Florida impact fee is just north of $9,000.00.

As I wrote, the County effectively contracted with an outside firm to have the work done. That outside firm was the Villages. Others may choose to analyze whether the pricing was competitive.

Is that some industry standard, do you have a source, or is it just a CBS estimate?

And has for quite some time now. The table is dated 2020 but I suspect the amounts have been the same since before then.

Note that the current increase of about 10% is the first of four increases. I haven't read the report yet but it could be that a 40% increase was defensible and was divided to four equal increases to abide by the State law that was passed the last time an increase was proposed.

What math paradigm? But in any case, the existing homeowners who will see less of a tax burden from future developments, the new purchasers who will still only see a minor increase on a $400K home, the Developer who might decide they can eat a $120 fee and still sell homes at a profit, and likely others will all benefit from this.

I guess I should have stipulated that home buyers pay the 40-50k per home as a bond payment for infrastructure all the while Sumter County also pays the developer for the roads.

The average terminology of course is because bonds vary by neighborhood. But yes, it’s is near impossible to find a lower bond from new home construction.

Different roads. The bonds pay for the infrastructure within the boundaries of a development. The taxpayers are paying for the new roads, and improvements to existing roads, that connect those developments to the rest of the County.

Are they putting in new Manufactured homes?

In the Villages, NO.

But other developers elsewhere in the county might.

I suspect the developer has worked it out so that the new home owner picks up the cost.

Everyone benefits from new roads.

New homes add over two billion cumulative dollars in taxable property to the Sumter real estate tax base each year.

Home owners pay more than their fair share for roads predominantly used by businesses, construction, under 55 people going to work, shopping, taking children to school, etc.

As a RETIREMENT COMMUNITY, one would think property taxes would be lower in TV. Taking into account none of us have school age children. Wishful thinking I know.