Raleigh Relocation Information
Impact Fees Increasing in Orange County
Chapel Hill NC New Home Cost Going Up!
There are a multitude of different permits and fees required to build any new home. Orange County and Chapel Hill have long had some of the highest fees in the Triangle.
And they're going up.
These fee increases were approved in December 2008, with new increases taking affect each January.
Orange County School District Changes
School district impact fees in Orange County have been $3,000 per single family home since 2001.
On January 1, 2010, school district impact fees increased to $3749 per home.
On January 1 2011, these fees will be increasing again, as part of a yearly increase for each of three years.
Orange County Schools District impact fees will increase from $3749 to $4686 at the end of 2010, with an even more significant increase in 2012. This is an increase of 56% in the cost of this impact fee over two years time, for new single family homes, and again, these fees are separate from all other building permits and fees.
What does this fee increase mean? The exact same new home in Chapel Hill NC will cost $937 more if impact fees are paid in 2011 (at the start of construction), than in 2010 - an increase of 25%. There's still time to build in 2010 in Chapel Hill - talk to your builder.
Chapel Hill and Orange County continues to be one of the most sought after areas of the Triangle - and it's going to be a little more expensive to build a new home there now.
Building in the Chapel Hill or Carrboro City School Districts?
Before January 1, 2009, the Chapel Hill School District Impact Fees were $4407 per home. On January 1, 2009, these impact fees increased by 38%, or $1685 per home.
On January 1, 2010, the Chapel Hill School District Impact Fees increased again, to $7616 per home, another 25% increase. These impact fees are in addition to the building permit fees, water fees, and sewer fees required to build a new home in Chapel Hill.
On January 1, 2011, Chapel Hill School District fees will increase NEARLY $2000 per home, to $9520 per home.
Looking to build in Chapel Hill soon? Apply for permits as soon as possible - as long as all permits are approved and paid before the end of the year, you can still build at 2010 costs.
Otherwise, your new home will cost $1904 more after January 1st, 2011.
Orange County NC New Homes:
Orange County New Home Communities
Orange County NC Property Tax Rates 2011
Acreage Homes in Orange County
Orange County Accessible Home Builders
Golf Community Homes in Orange County
Build On Your Lot in Orange County, NC
Finding Your New Home in the Raleigh Area
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Call 919-278-8070 or visit www.StantonHomes.com to find out more about new homes in the Raleigh area today.
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Penny~
Good reason to make that buying decisomn sooner than later!As you say, " What does this fee increase mean? The exact same new home in Chapel Hill NC will cost $937 more if impact fees are paid in 2011 (at the start of construction), than in 2010...."
And if the homebuyer is considering Chapel Hill City school districts and not just a Chapel Hill address, the increase is even more significant at nearly $1900. Chapel Hill is and remains a TOP area destination!