Impact Fee
 |
Definition of 'Impact Fee'A fee imposed on property developers by municipalities for the new infrastructure that must be built or increased due to new property development. These fees are designed to offset the impact of additional development and residents on the municipality's infrastructure and services, which include the city's water and sewer network, police and fire protection services, schools and libraries.These fees can also be levied against any individual or entity where its actions create an externality within a municipality. |
 |
Investopedia explains 'Impact Fee'Some U.S. states attempted to institute an impact fee on individuals who owned vehicles registered in another state, who then subsequently registered that same vehicle in their homestate. This smog impact fee was eventually overturned by the U.S. courts, who stated the fee was unconstitutional on the grounds that it unfairly discriminated against persons from other states. |
Related Definitions
Articles Of Interest
-
Simple Ways To Invest In Real Estate
Owning property isn't always easy, but there are plenty of perks. Find out how to buy in. -
Uncover The Next Real Estate Hot Spot
Real estate land speculation is a way to get in on a hot investment before a boom hits. -
Exploring Real Estate Investments
Discover how owning properties can give you a roof over your head or a check in your pocket. -
5 Money Moves To Make In September
From a financial perspective, September is a great time for a quick reboot of your financial mind-set. -
The Pros And Cons Of Pension Maximization
Pension maximization can be an effective solution to the single versus joint life payout dilemma that many retirees face. But, there are several factors, such as tax and investment matters, ... -
The Financial Fallout Of The DOMA Repeal For Same-Sex Couples
The recent Supreme Court decision to repeal the Defense of Marriage Act has paved the way for same-sex couples to enjoy the same federal benefits as opposite-sex couples. -
3 Financial Tasks We Think Are Harder Than They Really Are
Use these three tips to help put your financial situation into perspective. It turns out, organizing your finances isn't nearly as hard as you thought. -
Know Your Cost Basis For Bonds
Nobody likes taxes, but tax reporting is an inevitable and unavoidable part of investing. If you buy stock, determining your costs basis is a slightly frustrating but fairly straightforward exercise. ... -
Taking Shots At CAPM
Find out why many investors think the capital asset pricing model is full of holes. -
How To Get The Most Out Of Hiring An Accountant
When you hire an accountant, getting good tax advice going forward is as valuable as – or perhaps even more valuable than - getting the previous year’s taxes filed correctly. Learn what you need ...
Free Annual Reports