Site icon SD Rostra

CA homebuyer “impact fees” are more than TRIPLE national average

The average impact fee in California for single-family residence in 2012 was $31,100 per unit, nearly 90 percent higher than the next most expensive state and 265 percent higher [that’s more than TRIPLE] than the norm among jurisdictions that levy such fees, which typically pay for capital improvements, like water and wastewater facilities, required by a new development.

Many states and localities on the eastern side of the Sierras do not have such fees at all.

These fees also impact multifamily housing; the state’s fees on multifamily units averaged $18,800, 290 percent [almost QUADRUPLE] above the average outside the state — again, not including in the average states and cities that don’t charge any impact fees.
http://www.newgeography.com/content/003882-california-homes-require-real-reach
To add insult to injury, that “fee” becomes part of the price of the home or apartment – the base on which the annual property taxes are calculated.
Exit mobile version