Assessments
Hampton Park AssessmentsIn 2012, Hampton Park Homeowners will see no increase in their dues and will pay a quarterly assessment in the amount of $205.00 for January, April, July and October of 2012. You can pay by sending in your payment with your coupons, or to save on postage, you can register for Klik-n-Pay (directions below) to pay your assessments online through Community Group, Inc. |
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Klik-n-PayYou may continue to use your coupons to pay your assessment by mail, or you may now use the internet to make a one-time payment or set up automatic recurring payments. To pay online, you will need to access your community's website as follows: Go to Community Group on the internet. On the Virginia Map, click on "Richmond" and then select "Hampton Park". Click on "Pay Assessments" and you will be transferred to Klik-n-Pay. Then just follow the directions (first time users will need to register and input "Your Account Number" which is printed on your coupons). There are no charges for online payments. Note: Establishing recurring payments requires at least 10 banking days. |
Why do we pay assessments?All property in Hampton Park, except common areas and certain "exempt" properties, such as recreational facilities, are assessed by the Hampton Park Community Association. All property owners pay assessments, including individuals. 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 Directors in accordance with Covenant guidelines. Billings are sent out at the beginning of each year and are paid each quarter. New residents should request a coupon booklet from Community Group for their first quarter.
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