How do we change the monthly assessment being charged to ledgers after a budget increase?
During the setup process the board will inform us of each owner’s monthly assessment charge. On the first of each month our system will apply a charge to the owner’s statement in the correct amount. If an owner’s monthly assessment should change, due to a budget increase for example, the board will make us aware by completing a short online form. The board will receive a confirmation from the support team after all changes have been made.
Related Questions
- How should the Property Growth Factor be calculated if the most recent assessment is not available at the time the budget is being determined?
- Isn’t it true that it would take 60% to pass an increase in a government budget but only 40% to kill a worthwhile project, program or service?
- Does the Board of Review have the authority to increase an assessment or tentative taxable value?
