What is my assessment?
The assessment is the periodic amount due from each homeowner to cover the operating expenses and provide for reserve funds for replacement of common facilities in future years. Your assessments are due on the first of the month. Coupon books are mailed at the end of each year indicating the amount of the monthly (or quarterly if applicable) assessment.
How is the amount of my assessment determined?
A budget is set upon specific guidelines for utilities, landscaping, roads, trash pickup, administration, etc. Reserve funds are monies set aside for future expenses due to the life expectancy of certain items: lighting, street resurfacing, pool equipment, etc. These amounts are then divided by the number of lots or units built in a given phase of the development. Subsequent budgets are developed by the Board of Directors and adjusted periodically to meet anticipated expenses.
Will my assessment go up?
There is no concrete answer to this. Typically the Civil Code provides for annual increases, but not to exceed 20 percent per year without the vote of the membership. The Board of Directors may approve an increased budget, increasing your assessment up to this percentage in order to cover increased costs of operating and maintaining the common area and sufficient reserve funds.
What services are covered by my assessment payment?
- 35 miles of paved roads including one vehicle bridge (on Mounts Bay Road), associated drainage structures, curbing, guardrails, signage, lighting, etc.
- Full-qualified police force with approximately 30 police officers, public safety officers and administrative staff
- Guarded 24-hour gated entrances
- Full-time property management staff of approximately 12 employees
- Garbage bins with weekly pick-up
- Bi-weekly bulk trash pick-up
- Bi-weekly recycling pick-up
- Several miles of paved walking & biking trails including a pedestrian tunnel, four foot bridges and access trail to the James River shoreline
- Three recreation centers with pools and lifeguards and children's playgrounds
- Two recreation buildings with meeting spaces
- Five tennis, two basketball and one pickleball court
- Maintenance and use of 28-acre Kingsmill Pond
- Macaulay Mini-Park with fishing dock and foot bridge (KCSA offers canoe/jon boat storage racks for a fee)
- Landscaped community common areas
- Snow removal on main roads
- Monthly KCSA Bulletin mailed to your home
- Insurance on common areas
When is my payment due?
Dues are to be paid on the first of the month and no later than the fifteenth of the month.
Where do I mail my payment?
Kingsmill Community Services Association
P.O. Box 27898
Newark, NJ 07101-7898
What happens if I don't pay my assessment?
The maintenance and management services incurred by the Association are dependent upon timely receipt of the assessments due from each homeowner. Late payments will result in an interest charge as assessments are due on the first of the month. In addition, the CC&Rs allows the Association to proceed with a lien on your property, or foreclosure proceeding for nonpayment of assessments.