Are Impact Fees always paid by developers?
Homebuilders and realtors claim that impact fees are always passed on to the purchaser. However, most studies disagree. For example, a study emanating from The Ohio State University observed, “Another question that arises is the relative share of the impact fee paid by the seller and buyer. The answer depends on the elasticities of demand and supply curves. If buyers of new homes are not price responsive?, they will pay a greater portion of the impact fee.
Related Questions
- If no Adequate Facilities Taxes or Impact Fees have been paid on a particular piece of property, does the owner still need to prepare a statement disclosing that no such taxes or fees have been paid?
- How do I find out if Adequate Facilities Taxes or Impact Fees have been paid on a particular piece of property?
- Do any builders and developers support the use of impact fees?
