The Home Builders Association of Raleigh-Wake County has begun an advertising campaign against increasing impact fees on local radio.
WHAT THE AD SAYS
The ad calls impact fees a "hidden tax that everyone will pay." It says an increase will make housing more expensive, causing property taxes to rise and forcing people to "live further away to afford a home."
WHAT'S THE TRUTH?
Higher impact fees lead to higher home prices because many developers pass all or part of the cost along to homebuyers. But that wouldn't cause property taxes to go up.
Wake County tax assessor Emmett Curl said that the value of homes is independent from property tax rates. If an area's homes are worth more, then the city or county can charge a lower rate to raise the same amount of money.
But whether you are paying a higher rate on a smaller assessment, or a lower rate on a bigger assessment, the bill is the same, he said.