John's Florida Real Estate Blog

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Pasco County School Board Considering Large Increase For Impact Fees

Pasco_county_school_board At our weekly office meeting it was reported that the Pasco County School Board is asking to raise the impact fees for a new single-family home to$10,477. This is more than double the present fee. Impact fees are used to offset the impact of new homes in the area. There are impact fees for libraries, parks, transportation, fire & rescue services, and hurricane preparedness. The theory is that when new people move into the area the demand on these services immediately increases. The fees are controlled by the Pasco County Board of Commissioners. Different fee schedules exist for mobile homes and commercial properties.

In recent years the school district has used the money to construct new schools which have been needed due to the influx of families here in Pasco County. The school district will make a formal request to the County Board of Commissioners in September.

It will be interesting to see if the other parties that receive impact fee money will also request increases in an attempt to offset the state's recent reforms of the property tax laws. Legislation that was passed will force local governments to freeze taxes for 2008 at the 2007 levels. From that point on they must decrease the taxes from 3% to 9%, depending on how rapidly the property owners' taxes had risen in the past. Future increases will be limited by an index based on the inflation rate. It is believed that this move alone will trim taxes throughout the state to the tune of about $15 billion. Another option that some municipalities will try is to raise service fees for streetlights, emergency services, etc.

Impact fees can affect the prices that builders will need to charge for new construction. Private owners who are building on their own lots will also be hit with these increases if they pass.

For more information you can visit the Pasco County Government website at: http://www.pascocountyfl.net/

You can also call me at: 813-783-4444 or e-mail me at: jelwell1@tampabay.rr.com

You are also invited to visit my webpage at: http://jelwell.century21bnr.com

John Elwell - REALTOR

CENTURY 21

Bill Nye Realty, Inc.

813-783-4444

Licensed in Florida

 

Comment balloon 0 commentsJohn Elwell • August 15 2007 01:34PM
Pasco County School Board Considering Large Increase For Impact Fees
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