Hillsborough County Raises Impact Fees
Today the Hillsborough Board of County Commission on a 6-1 vote approved increases to park and mobility impact fees on new apartment construction. Instead of immediately increasing fees to the full amount allowed under their studies, both fees will be phased-in and increases will not start until January 2021. The Commission included a yearly review of fees before they come into effect, to give the Commission an opportunity to adjust fees based on then current economic conditions, including what effects the County may still be dealing with related to the Coronavirus.
The phase-in for the parks impact fee will start at 55% of the proposed fee on January 1, 2021 and increase to 65% on January 1, 2022. As an example, under the current fee schedule, $149 is charged on average to one-bedroom apartments. Under the new schedule, using the average size of 674 square feet per for one-bedroom apartments (this is taken from the study), the fee will increase to $952.60 in 2021, and $1,125.80 in 2022.
The phase-in for the mobility impact fee will start at 80% of the proposed fee on January 1, 2021, increase to 90% on January 1, 2022, and increase to 100% on September 1, 2022. As an example, under the current fee schedule, $2,060 is charged per apartment in a four-story apartment community. Under the new schedule, the fee will increase to $3,891.20 in 2021, then to $4,377.60 in January 2022, and finally $4,378 in September 2022.
The Commission will consider raising three more impact fees relatd to water services at their June 17, 2020 meeting.
For more information:
Hillsborough commission approves higher impact fees, Tampa Bay Times, May 20, 2020