TECHNICAL PAPERS
Jun 1, 1992
Positive Influence of Impact‐Fee in Urban Planning and Development
Publication: Journal of Urban Planning and Development
Volume 118, Issue 2
Abstract
Policymakers seem to prefer that sellers of buildable land pay development impact fees in the form of lower land prices, or that builders pay those fees in the form of lower profits. Developers assert that home buyers will pay fees in higher prices. Who really pays the fees? The economic incidence of impact fees is investigated in Sarasota County, Florida. Regression analysis shows that impact fees are positively associated with residential urban land prices. Positive capitalization of impact fees in the urban land market may be due to: (1) Land buyers bidding up land value because impact fees to be paid in the future ensure extension of essential services, thus making land values rise by the expectations of facility extension; (2) the predictability of fee payment, usually through explicit fee schedules; and (3) all the planning and capital programming required to make impact fees legally defensible that has the ultimate effect of ensuring developers of local governments' ability to accommodate development. On the whole, impact‐fee policy is a positive factor in the planning and development of urban areas.
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Copyright © 1992 ASCE.
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Published online: Jun 1, 1992
Published in print: Jun 1992
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Arthur C. Nelson, Member, ASCE
Prof. of Public Policy, City Plng., and Int. Affairs, Georgia Inst. of Tech., Atlanta, GA 30332‐0155
James E. Frank
Assoc. Prof. of Urban and Regional Plng., Florida State Univ., Tallahassee, FL 32306
James C. Nicholas
Codir., Growth Mgmt. Studies, College of Law, Univ. of Florida, Gainesville, FL 32611
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ASCE Library Cards let you download journal articles, proceedings papers, and available book chapters across the entire ASCE Library platform. ASCE Library Cards remain active for 24 months or until all downloads are used. Note: This content will be debited as one download at time of checkout.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.
Terms of Use: ASCE Library Cards are for individual, personal use only. Reselling, republishing, or forwarding the materials to libraries or reading rooms is prohibited.