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Old 04-13-2018, 07:32 AM
23 posts, read 16,531 times
Reputation: 44


Looking for insight into what the changes are and mean for potential buyers and the market. I was sent this article that tries to explain what is happening but instead it is causing more confusion.

County Commission adopts new impact fee schedule | The Ponte Vedra Recorder

The first phase will impose non-school impact fees at 75 percent of the maximum amount specified by Nicholas’ study, with an additional 15 percent reduction for non-residential impact fees to be subsidized by the county. Phase two of the implementation process will then raise non-school impact fees to the maximum amount, though the non-residential impact fees will retain the initial 40 percent reduction, again to be subsidized by the county. School impact fees will be imposed at 100 percent throughout both phases of the process, and the subsidies for non-residential impact fees will be sourced from applicable non-ad valorem funds in the general fund.
Percentages don't translate to hard dollar amounts, but the original report from the consultant is available: http://www.sjcroundtable.org/minutes...Fee-Report.pdf

Then there is more detail about the residential impact fee changes:

In addition to the fee adjustments, beginning July 2, the structure according to which residential impact fees are imposed will also undergo significant changes. Currently, residential impact fees are imposed in two tiers: units up to 1,800 square feet in size and units that are more than 1,800 square feet. When the first phase of the new fee schedule takes effect, however, the county will begin categorizing residential developments according to the following seven tiers: units up to 800 square feet; units 801 to 1,250 square feet; units 1,251 to 1,800 square feet; units 1,801 to 2,500 square feet; units 2,501 to 3,750 square feet; units 3,751 to 5,000 square feet; and units more than 5,000 square feet. Including the adjustments to school impact fees, most residential developments will see an increase in impact fees, with the changes ranging from 15 to 79.7 percent. Only those developments in the “up to 800 square feet” category will see a reduction in fees by about 11.9 percent.
So given this information, i've attached a table of what i am guessing the fees will actually be. Approximately a $3000 - $6000 increase for the big homes in the first phase. Thoughts?
Attached Thumbnails
St. Johns county impact fee changes-screen-shot-2018-04-13-9.20.58  
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