Influence Costs: What They’re, Who Pays Them, Exactly How Much They Pay
Effect charges really are a one-time taxation imposed on brand new domestic and commercial construction by regional governments to defray the expense of growthвЂ™s вЂњimpactвЂќ on vital solutions such as for example schools, areas, roads, ambulance and fire solution as well as other infrastructure needs.
The explanation behind effect charges is this: new construction means new residents.
New residents boost the burden on regional servicesвЂ”roads, parks, rescue and fire, schools, water and sewer hook-ups. Read more