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ARTICLE · 09 APRIL 2019

Impact Fees: What Are Those?

If you are a real estate developer in the State of Georgia, chances are, at some point, a municipality will require that you pay an impact fee proportionate to the potential impact of your development

United StatesReal Estate and Construction

If you are a real estate developer in the State of Georgia, chances are, at some point, a municipality will require that you pay an impact fee proportionate to the potential impact of your development on the existing public infrastructure. The purpose of this blog is to reduce your chances of being surprised by impact fees by generally describing what they are and for what purposes may they be charged; who may charge them; and how they may potentially be reduced.

What are Impact Fees?

An impact fee typically is a one-time fee assessed by a local government to a property owner or developer to offset the impact of a development on the existing public infrastructure. The fee is calculated based on a methodology that considers the cost of the new public infrastructure or facility and the size and scope of the proposed development. Public infrastructure can include roads, public safety facilities, schools, parks, and wastewater facilities. In Georgia, impact fees may

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The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

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