Work

Do Development Impact Fees Reduce the Rate of Residential Development?

Year: 1998

Type: article

Abstract: ABSTRACT Over the last twenty‐five years local governments in the United States and Canada have increasingly used impact fees and other development exactions as methods of financing capital and infrastructure requirements mandated by residential growth. While several studies have examined the effects of impact fees on housing and land prices, rigorous empirical analysis of their effects on residential development is lacking. In this paper a sample of all municipalities in DuPage County, Illinois from 1977 through 1992 is used to examine the effects of impact fees on the rate of residential development. The empirical results show that impact fees reduce rates of residential development by more than 25 percent.

Source: Growth and Change

DOI: 10.1111/j.1468-2257.1998.tb00026.x

Authors: MARK SKIDMORE, MICHAEL PEDDLE

Institutions: Northern Illinois University, University of Wisconsin–Whitewater

Language: English

Topic: Local Government Finance and Decentralization

Subfield: Political Science and International Relations

Field: Social Sciences

Domain: Social Sciences

SDG: Sustainable cities and communities

Open Access status: bronze

OpenAlex ID: W1969129652

FWCI: 6.704

Cites:

Cited by: 68

Related to: 10