Land Use & Zoning

What is an 'impact fee' in Illinois land development?

AA penalty charged for zoning violations
BA fee charged to developers to offset the cost of public infrastructure needed to serve new development✓ Correct
CA tax on property value increases resulting from rezoning
DA state fee for recording subdivision plats

Explanation

Impact fees are charges imposed by local governments on new development to offset the costs of public infrastructure improvements (roads, schools, parks, utilities) needed to serve the new development. Illinois municipalities have authority to impose impact fees under the Illinois Impact Fee Law. They are typically paid by the developer and can significantly affect project feasibility.

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