Residential Development Impact Fees

Development impact fees are approved by Ordinance and are subject to periodic review and update with Village Board approval. The table below summarizes current residential development impact fees. Refer to the Village Code Section 138.4, Land Dedications, Contributions in Lieu and Impact Fees, for additional information. 

Residential Development Impact Fees

Entity Impact Fee
School Land/Cash and School Facilities Fee
Park Land/Cash
Fire District
Multiply the total acreage to be developed by 0.00234 acre (3 acres required for residential fire protection purposes for each 1,280 acres proposed to be developed residential) and multiply that product by the present fair market value of $80,000 per acre; provided, however, the required cash payment shall be not less than $500 per residential unit. 
Library District 
Homer Township Public Library: $212 per unit
or 
New Lenox Public Library: $213 per unit