HOA Annual Assessments

A quarterly payment schedule is in place so that the HOA assessment payments may be spread out over a longer period of time.

Each member receives a payment book during November / December with payment coupons for the following year.  Your quarterly payments are due on the following dates.

·       January 1, April 1, July 1, and October 1.

NOTE: ADDITIONAL REMINDERS WILL NOT BE SENT PRIOR TO EACH QUARTERLY DUE DATE!

You may pay your assessments in one of two ways:

1)    Mail your payment(s) to the address on your payment coupons.

2)    Visit the Community Association Banc website at: https://www.cabanc.com.  
Select one of the two buttons on the lower left-hand part of your screen:

An 8% convenience fee is charged for each credit card payment.  Accepted credit cards include MasterCard, Discover, and American Express.  There is no convenience fee for eCheck payments.

For more information, contact Maredith Management at 301-843-8111.

Frequently Asked Questions:

(Q) How is the assessment rate determined?

(A) The annual assessment rate is based on a 5% increase from the previous year. The HOA governing documents permit a yearly assessment increase not to exceed 5% or the annual Consumer Price Index (whichever is higher.) The HOA Board of Directors can set the annual assessment rate based on these limits without a membership vote.

Note: In 2007, the Highgrove membership approved a 35% annual assessment increase for 2008.

(Q) Why is there a different assessment rate for Single Family Homes vs. Townhomes?

(A) The costs to maintain the townhome portion of the neighborhood is higher, per unit, than the remainder of Highgrove for a variety of reasons:

1. The HOA is responsible for setting aside reserves and maintaining streets and sidewalks in the townhome area. The county government maintains streets and sidewalks for the rest of the neighborhood.
2. The HOA is responsible for snow removal from the streets of the townhome area. The county government removes snow from streets of the rest of the neighborhood.
3. The cost of grounds services is higher in the townhome area, per unit, than grounds services in the rest of the neighborhood.

(Q) What are the developer lots?

(A) The HOA governing documents allow the developer to be assessed at 25% of the normal rate for lots which are both owned and recorded by the developer. In previous years, the developer did not record lots very far in advance of their sale.

(Q) Why are some items in both the income and expense sections of the budget?

(A) There are a number of costs incurred by the HOA which are billed to the homeowners which cause them. These represent expenses as the HOA pays for these costs up-front. These same items represent income as the homeowners make payments which reimburse the HOA.