Assessments

Assessments – How the Money Is Spent

Assessments are paid by every member of the Association and are divided into two categories:  General Assessments and Neighborhood Assessments.

All Ashburn Farm homeowners pay a General Assessment for: maintenance, contributions to the capital reserves, general administration, utilities, taxes, insurance, common areas (including amenities such as tot lots, athletic fields, etc.), pool memberships, and community/committee programs.

The Neighborhood assessment for single family homes pays for trash and recycling collection. In private street neighborhoods, it pays for trash and recycling collection, street light electricity and maintenance, snow removal, and the maintenance of townhome parking areas, sidewalks, and mailbox porticos.

Condominiums have a separate association that is responsible for their maintenance and upkeep of the open space, building exteriors, utilities, pool, etc.; however, they also pay the General Assessment to Ashburn Farm Association.  (For more information, see Budget and Finance.

Once the Association’s annual budget is approved by the Board of Trustees, the information is provided to the Association’s accounting service provider to prepare the Association’s assessment billing for the upcoming year. Assessment payments are due on the first of each month; however, the Association continues to accept pre-payments. At the end of each fiscal year, every owner will receive a coupon booklet from the Association’s accounting service provider. Coupons must accompany payments made by check. Online payments are also accepted, using ACH or your bank’s bill pay service. Payments received after the 30th of the month will incur a $25.00 late charge and a $5.00 administrative fee.