Tuesday, December 11, 2007
2 deg and clear here in the pristine foothills of Bozeman, Montana.
Real Estate News
Bozeman Real Estate News-Impact Fees
The Bozeman City Commission voted last night to raise road impact fees 60% of the amount the Commission can legally charge. Impact fees for a single family house will increase from $2,380 to $3,238. There is a list of the impact fees for other entities at the link below.
The impact fee schedule is based upon the formula (Demand x Cost) - Credit = Fee. According to Bozeman's TRANSPORTATION IMPACT FEE UPDATE STUDY, EXECUTIVE SUMMARY, "the net impact fee is calculated as the total capital cost of providing the necessary infrastructure, less any additional revenue generated by new development that also will be used to pay for the additional infrastructure necessitated by new growth."
giving you the advantage...TM
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