Abstract
Since the 1970s, development impact fees have emerged as a way to pass the cost of new infrastructure to the development community. Although development impact fees intend to transfer the burden of infrastructure provision to the developer, it is widely believed that the homebuyer ultimately absorbs the cost through inflated housing and land prices. This article examines the planning practice implications of development impact fees on housing and land prices. The review of the literature suggests that impact fees contribute to housing price infation in communities where there are no reasonable housing substitutes and that tax burden and infrastructure enhancements are capitalized into the price of home and land.
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