Mount Pleasant Tripling Impact Fees
The town of Mount Pleasant has grown immensely the past few
In an effort to curb the fast growth, this week the town of Mount Pleasant approved a large increase in the new construction impact fees. They will start increasing them July 1, 2017, with a second increase January 1, 2018, and a third increase July 1, 2018. Here is the estimated fee schedule:
Single Family Homes - current fee is $1,860; July 2017 will be $3,850; January 2018 will be $5,005; July 2018 will be $6,161
Restaurant w/7,500sq ft - current fee is $57,716; July 2017 will be $127,808; January 2018 will be $166,082; July 2018 will be $204,432
Shopping Center w/100,000sq ft - current fee is $328,000; July 2017 will be $706,101; January 2018 will be $918,431; July 2018 will be $1.13 million
For single family homes, these fees are generally paid by the builder and included in the price of a new home. This will definitely have an impact(no pun intended) on the price of new construction homes in Mount Pleasant. If you have been thinking about a new construction purchase, please call or text me at 843-276-7976 so we can save you a few thousand dollars before the impact fees are raised.