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Impact Fee Increase

By
Real Estate Agent with Keller Williams Flagship of MD

Well by now I'm sure most of you have heard about the proposed impact fee increase in Anne Arundel county. But for those who have not.......

Anne Arundel County Executive John Leopold has proposed an increase in impact fees. These are fees paid by builders to the county for infrastructure upgrades. The fees are then passed on to the consumer adding to the overall cost of the house. The proposed bill would raise the fees on a typical 4 bedroom home from just over $4,000 to over $26,000, making Anne Arundel County the third most expensive county in the state to build a  home in.

I agree with Mr Leopold that the current fees are too low, having remained unchanged since their inception in 1987; however, I believe this increase is entirely too high!  Homeownership in Anne Arundel County is becoming out of reach for too many working families as it is. This kind of increase in new home prices is just going to push more people further from their dreams of home ownership in AACO!

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