2025 Assessments

Click on the image to access an example of an assessment invoice.

2025 Assessments

Assessment invoices are now in the mail to homeowners. You may notice an increase in the amount now due.

As was shared in the Annual Meeting of the Members on September 17, 2024, the Board of Directors has elected to increase assessment fees by 10%.

• This 10% increase is allowed by Article IV of our Declaration of Covenants, Conditions and Restrictions. Section 4.3 (b) states: the maximum regular annual assessment may be increased by an amount of up to 10 percent (10%) over the preceding year’s regular annual assessment solely by the Board of Directors. 

This decision was not made lightly and is based on several important factors. For more than a decade, assessments have stayed at the same rate despite economic inflation and increased costs associated with essential services and maintenance.

This adjustment is necessary so we can ensure that we can continue to maintain common areas and increase what is in our financial reserve. We appreciate your understanding and support as we make these updates for the sustainability of our neighborhood’s needs.

Payment of $330 is due by January 31, 2025. Make personal, cashier’s checks or money orders payable to Lexington Square Association, Inc.

Payment Plans

Payment plan options will be available again for those who would prefer to split their assessment into three payments of $110. 

• 1st $110 payment due on or before November 30, 2024.
• 2nd $110 payment due on or before December 31, 2024.
• 3rd and final $110 payment due on or before January 31, 2025.