What are my dues/annual assessments used for?
All property in Hampton Park, except common areas and certain “exempt” properties, suc as recreational facilities, are assessed by the Hampton Park Community Association. All property owners pay assessments, including individuals and builders. Assessments provide the bulk of the annual income for the Association. Approximately, 45% of HPA income supports the landscaping and maintenance of all roadsides, the main entrances, neighborhood entrances, common areas, etc. Expenses include planting materials, irrigation, grounds maintenance, and so forth. Approximately 25% of HPA income supports the pools and 18% for the reserves. The remainder of funds supports the Association management office, communications, insurance, etc. Details of the budget are available on this web site. The base rate for all assessments is set forth in the Covenants of the Community Association. Increases in assessments, as needed to support the financial needs of the community, are determined by the Board of Direct
