What is a developmental impact fee?

A developmental impact fee is a fee that is collected from property owners to offset the costs of public services related to new developments. This fee is usually collected by the local government as part of a larger development project. In Nebraska, the Supreme Court has held that it is constitutional for local governments to levy developmental impact fees to offset the costs of public services related to new developments. The purpose of these fees is to ensure that the costs of these new developments are shared by those who benefit from the services. This can include local schools, roads, parks, and other public services. These fees can also be used to fund additional projects such as infrastructure improvements, green space projects, and more. The fees are adjusted based on the costs associated with the development and the expected use of the public services. The fees are collected in order to ensure that the costs of these new developments are not solely shouldered by existing property owners and taxpayers.

Related FAQs

What is the difference between market value and actual value?
What is the difference between eminent domain and condemnation?
What is the difference between a public use and a public interest?
What is the difference between eminent domain and zoning?
Are there any restrictions on the type of property subject to eminent domain?
What is the difference between a public purpose and a public use?
Is there a way to appeal a condemnation order?
What is the difference between a public use and a public necessity?
What is a public purpose?
What is the difference between a voluntary sale and a forced sale?

What is a developmental impact fee?

Related FAQs

Related Blog Posts