On May 10, 2016, the Orange County Board of County Commissioners voted to substantially increase School Impact Fees throughout the County, including all of the municipalities. The new rates will take effect in two stages: one-half of the increase to take effect on October 1, 2016 and the full amount of the increase to take effect on January 1, 2017. The table below shows the current rate and the increased rates:
|
Residential Category |
Current Rate |
New Rate |
% Increase |
10/1/16 Interim Rate |
1/1/17 Full Rate |
|
Single Family Detached |
$6,525.00 |
$8,784.00 |
35% |
$7,654.50 |
$8,784.00 |
|
Townhomes |
$3,921.00 |
$6,930.00 |
77% |
$5,425.50 |
$6,930.00 |
|
Multi-Family |
$3,921.00 |
$5,919.00 |
51% |
$4,920.00 |
$5,919.00 |
|
Mobile Homes |
$4,345.00 |
$6,088.00 |
40% |
$5,216.50 |
$4,345.00 |
Townhomes are currently assessed at the multi-family rate even
though they generate more students than apartments. The new
School Impact Fee Ordinance establishes a new category for
townhomes that more accurately reflects the student count from that
type of residential unit.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.