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.
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:
|Send 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.|
|Online||Pay by credit/debit card or e-check on Zego or Pacific Western Bank.|
|Office Hours - Pay at the front desk from 8:00am - 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 Pay||Pay 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 firstname.lastname@example.org. Please do not include banking information.
What Additional Fees are applied?
A late fee of $25 is assessed when payment is not received by 5PM on the 15th of the month due. An second $25 late fee is assessed if payment is still not received by 5PM the 30th of the month due. Late fees are not removed.
There is a $50 fee charged for each returned payment.