Money
Special assessment
A special assessment is a one-time charge on top of regular dues, often for a large repair or unexpected project. Governing documents and state law define who must approve it and how owners are noticed. Boards should share a clear purpose, timeline, and payment plan before voting.
These definitions are for general education only. They are not legal, financial, or tax advice. HOA rules vary by community and location—confirm details against your governing documents and qualified professionals before you act.
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