INITIAL, ANNUAL MAINTENANCE, AND SPECIAL ASSESSMENTS
The current annual maintenance assessment (dues) is $415.00 per property. The total is due on or before January 31st of each year. After that date a late charge established by the POA Board of Directors is $50.00 per property. Any assessment not paid within thirty days after the due date shall bear interest from the due date at the rate of ten percent (10%) per annum. Upon purchasing a lot or home an initial assessment fee of $25 is to be paid at sale closing. Currently, there are no special assessments levied.
WHERE DOES YOUR MONEY GO?
Association dues are invested in landscaping and beautification expenses within the community. Expenses include lighting, irrigation, maintaining roadside and parkway turf and entrances to The Ridges. Additionally, your money is budgeted for common property insurance, stationery, stamps, and other necessary miscellaneous expenses approved by the Board of Directors.