Impact Fees

An impact fee is typically a one-time payment imposed by a local government on a property developer. The fee is meant to offset the financial impact a new development places on public infrastructure. Public infrastructure includes roads, schools, parks, recreational facilities, water and sewerage, among other services.

Representative Bret Hague sponsored a bill that limited impact fees to no more than 12.5% in a given year and no more than 50% over a four-year period.  Governor DeSantis signed the bill into law.  Brett Hage is Vice President for Residential Development for The Villages.   

You can read more about Impact Fees here:

https://www.jmco.com/new-law-means-changes-florida-local-government-impact-fees

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