NEW ARCADIA HOME DEVELOPMENT FEES

A NEW 7,500 SQ. FT. ARCADIA HOME  “GENERATES” HOW MUCH IN DEVELOPMENT FEES?

A 7,500 square foot home was recently completed just down the street from our home. This distinctive Tudor-style home reflected high quality finishes and lush landscaping. I was curious how much the developer of the home paid the City of Arcadia in fees. 

The Acadia Development Services Department gave me the answer – a little over $53,000!!!!!!

The following is a breakdown:

• Architecture/Plan Check $7,500 ($1 per sq. ft.)
•  Building Permit $7,500 ($1 per sq. ft.)
•  School Fees $23,000 ($3.20 per sq. ft.)
•  Park and Recreation $14,250 ($2.85 per sq. ft. less tear down credit)
•  Misc. Fees $750.

And, when sold, the new home annual tax bill will exceed $50,000, more than ten times the previous torn down home tax bill.