An Empirical Investigation of the Effects of Impact Fees on Housing and Land Markets

@inproceedings{Ihlanfeldt2003AnEI,
  title={An Empirical Investigation of the Effects of Impact Fees on Housing and Land Markets},
  author={Keith R. Ihlanfeldt and Timothy M. Shaughnessy},
  year={2003}
}
This paper presents the results from estimating the effects of development impact fees on the prices of new and existing single-family homes and undeveloped residential land using unique data for Dade County, Florida. The results show that an additional $1.00 of fees increases the price of both new and existing housing by about $1.60 and reduces the price of land by about $1.00. These findings are shown to be consistent with the new view but not the old view theory of impact fee incidence. 
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