Local Issues
Forsyth County Approves Annual Adjustment to Impact Fee Schedule
April 7, 2023
Forsyth County Approves Annual Adjustment to Impact Fee Schedule
Each year, the Forsyth County Impact Fee Administrator may adjust these fees in accord with the January Consumer Price Index. This adjustment is to ensure that fees in the schedule are maintained at the present value of the baseline rate. The baseline rate is the impact fee rate assessed in calendar year 2022.
This adjustment affects those impact fees collected for roads, parks, libraries, and public safety. The inflation adjustment is to be set by the Impact Fee administrator in April of the calendar year, to become effective in October of the same year.
For 2023, the Consumer Price Index – All Urban Consumers (“Index”) is 6.4%. With this adjustment, a single-family detached home’s impact fee will go from $3,804 to $4,047. Use the tab below to see the full schedule of new fees.
About the GRBOR Market Brief
The Greater Rome Board of REALTORS® (GRBOR) Market Brief is compiled by Georgia Multiple Listing Service (GAMLS).For more information on details of this month's report, please contact the Board at 404.845.4025.
*Each month, the numbers reported for the previous month are updated to reflect additional recordings.
About the Greater Rome Board of REALTORS®
The Greater Rome Board of REALTORS® (GRBOR) has been an instrumental factor in the growth of real estate in Floyd County, Georgia for more than a decade. GRBOR serves as a central source of information for its members, with mainly focusing on real estate education, the promotion of professionalism in the industry and representing REALTORS® members with legislative initiatives to create positive change for the real estate community.
About Georgia Multiple Listing Service
Since 1962 Georgia MLS has been providing real estate professionals with exceptional service, proven technology solutions, and unmatched value. With a laser-sharp focus on making the day-to-day tasks of our MLS subscribers more functional, more productive, and more profitable, we continue to implement the service blueprint that has led to our continued growth. For additional information or to start a discussion about how to partner with GAMLS please contact georgiamls@gamls.com.