Land Use & Zoning
What is an impact fee in land development?
AA fine for environmental impact
BA charge imposed on developers to fund public infrastructure improvements necessitated by new development✓ Correct
CA property tax increase for new development
DAn environmental mitigation fee
Explanation
Impact fees are charges levied on new development to fund the cost of public infrastructure (roads, schools, parks, utilities) needed to serve the new development. They are based on the development's proportionate impact.
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