Land Use & Zoning

What is an 'impact fee' in Nevada real estate development?

AA penalty charged by NRED for violations of license law
BA fee charged by local governments to new developments to fund infrastructure improvements (roads, parks, schools, utilities) required to serve the new development✓ Correct
CA fee charged by HOAs for major community improvements
DA federal fee for developing near BLM land in Nevada

Explanation

Impact fees are one-time charges imposed by Clark County, City of Las Vegas, Henderson, and other Nevada municipalities on new development to fund infrastructure needed because of the growth. Nevada's rapid population growth in the 1990s-2000s and again in recent years has led to significant impact fee programs. Impact fees can add thousands of dollars per unit to new home costs and are typically passed on to buyers.

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