Assessment

Helping you understand Assessment

About payments

We all pay assessments yearly. Just as individual households have expenses, collectively we have ours. Please make your payments promptly when due. The current assessment is $75/year.

Each year you need to write a check for your assessment payable to “Park Properties Homeowner’s Association.” Send your assessment in care of the party indicated on your statement. This will be the PO Box. Should you have questions about charges on your statement, please call our Treasurer Kay at (208) 352-3434.

Note: any assessment statement you receive is not a bill, but rather a statement sent for your convenience. Normally a statement is sent in December for the next year's assessment. It is your responsibility to pay your assessment by January 31st. If they are unpaid by that time, a late charge of $5/month will be added until your assessment is paid.

Delinquency and collection policies and practices

The following summarizes our PPHA Delinquency and Collection Policies for homeowners:

Yearly assessments are due the month of January and you have 30 days to make payment. In the case of delinquencies, payments received are applied to the earliest accrued assessments first. A reasonable late charge as determined by the Board of Directors may be charged. The Association may also take legal action (suits, liens, and foreclosure) to collect delinquent assessments. A lien may be filed for assessments overdue after 90 days. Foreclosure proceedings may commence for assessments overdue after 6 months. Legal fees, court costs, and administrative costs can be collected by the Association in enforcing payment of delinquent fees.