Let’s discredit the money-grubbing developers’ cry that impact fees will raise the cost of homes beyond the reach of the Johnny-come-lately, whose arrival is destroying our rural lifestyle in Snohomish County.
A 30-year mortgage at 7.5 percent interest on a $200,000 home is $139.85 per month plus taxes, insurance, etc. Add a $10,000 impact fee and the payment increases to $146.84 per month before tax et al – an increase of just under $7 per month. A $200,000 mortgage with a $30,000 impact fee increases the monthly payment by just under $21 per month.
Stop this misleading information about supposedly foreclosing the market with impact fees. Let’s stop the unnecessary taxes that will make property too expensive for those of us who have lived here for years and have in no way added to the impact for which they would increase our property tax.
The other fun game played with the tax amount – if they can’t increase the tax, they reappraise!
Arlington
Talk to us
> Give us your news tips.
> Send us a letter to the editor.
> More Herald contact information.