Assessment Payments

What is my Assessment Rate?

Payments are due quarterly on the 1st of September, December, March and June.  Coupon booklets are the only billing provided each year to Homeowners, and are mailed out early August. The coupon booklet is mailed as a invoice to all Homeowners regardless of enrollment in our direct debit program. If you do not receive the coupon book or misplace the booklet you may request replacement coupons.

See the Assessment Rates Roster for payment information according to street and subdivision, and standard payment amount charged quarterly.

How is the rate established?

Assessments are established each year by the Board of Directors as part of their approval of the Association annual budget. 

The proposed budget is published in the bi-monthly magazine, Lake Ridge Today, and the Board approves a final budget in July for the upcoming fiscal year.

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How do I Make a Payment?

The Association strives to make its processes as convenient as possible for Homeowners to navigate. Assessment fees can be paid any of the following ways:  

MailSend check or money order with coupon (label with your account number, property address and phone number) to the address listed on the coupon. Be sure to put in the mail early enough to arrive by the due date.
OnlinePay by credit/debit card or e-check on Zego or Pacific Western Bank.
Association 
Office
Office Hours - Pay at the front desk from 8:30am - 5:00pm, Monday - Friday. Check, money order and credit/debit accepted. Card payments incur a 3.5% convenience fee.
After Hours - Drop off check or money order with coupon (label with your account number, property address and phone number) in our drop box located to the right of the front door.
Bill PayPay through your financial institution. NOTE: Your bank may not send payments electronically.

- NO CASH ACCEPTED - Contact the Association office at 703-491-2154 if you have any questions regarding your account balance.

Residents previously enrolled in the Direct Debit program requesting a bank account update can email finance@lakeridgeva.com. Please do not include banking information.

What Additional Fees are applied?

Late Fees

The Board of Directors approved amendments to the Assessment Collection Rule. This rule, originally approved April 19, 2005, authorizes the charging of late fees. A copy of the amended Assessment Collection Rule can be viewed by following this link, or you may request a copy by email or by calling the office at (703) 491-2154.

Beginning September 1, 2022, a $50 late fee is charged on the 16th of September, December, March and June IF: 

  •  A quarterly assessment payment is not received and processed by the 15th of September, December, March or June; or
  • An assessment account has an unpaid balance of $100 or greater on the 15th of September, December, March or June.
  • Late fees are not removed.

Returned Payments

There is a $50 fee charged for each returned payment.