Concept information
Preferred term
impact fees
Definition
- An impact fee is a charge placed on new development by a local government to pay for the costs of infrastructure and public services compelled by these new projects so as to avoid passing the costs onto existing communities. Since the late 1940s, local governments in the United States have implemented impact fees to deal with rapid population growth's impacts on infrastructure. [Source: The Encyclopedia of Housing; Impact Fees]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/impact_fees
{{label}}
{{#each values }} {{! loop through ConceptPropertyValue objects }}
{{#if prefLabel }}
{{/if}}
{{/each}}
{{#if notation }}{{ notation }} {{/if}}{{ prefLabel }}
{{#ifDifferentLabelLang lang }} ({{ lang }}){{/ifDifferentLabelLang}}
{{#if vocabName }}
{{ vocabName }}
{{/if}}