Transportation Impact Fees to start collections in 2023

Photo of new homes under construction in Hampton (Marty Meeks photo).
(Marty Meeks photo)

After years of discussion, Henry County board members approved a plan to begin collecting transportation impact fees in 2023. Impact fees are paid by developers to offset the cost of public improvements, but county officials have not previously collected transportation impact fees.

The new plan also represents the county’s first update to the impact fee structure since officials adopted the original fee structure in 2003. For the last twenty years, builders of a new home have paid $1,661.50 in impact fees. Beginning on February 2, 2023, builders will pay $3,544.46 in impact fees per new housing unit.

...

Subscribe today to view the rest of this article! MHF News is able to continue sharing local updates thanks to our subscribers.

Check out our most popular option, the quarterly subscription, for $25 per quarter. A monthly subscription and annual option are also available. Access all of our articles through your subscription!

If you are already a subscriber, thank you for your support. Log-in below.

About Clayton 1242 Articles
Clayton Carte is the founder and owner of MHF News. He founded the site in 2017 to highlight transportation projects. Over time, he began covering other topics like new development so residents can best know what’s happening in our community.