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How is the fee calculated?

April 26, 2017calculated fee

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How is the fee calculated?

2 Answers

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Value * Rate = annual fee. The annual assessment fee is determined by the fair market value of the assessable tract and all taxable improvements as determined by the Montgomery County or Harris County Central Appraisal District for properties 100% complete. The community associations boards base their annual assessment rate per every $100 of value. Properties that were less than 100% complete on the county tax rolls will have the association estimate a fair market value to determine the annual fee.

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The fee is a one-time transaction charge and is not dependent on the length of time the accessed funds are outstanding. The fee is $2.50 for every $20 that is accessed.