ArtT5 (Illinois)
Posts: 84
Posts: 84
Posted:
Our homeowner association has townhomes and single-family homes. On average, the single-family homes are more valuable, and we have an assessment rule that requires them to pay more than townhomes toward common expenses. It's only a few percentage points more, but they still complain and say we should all pay exactly the same, even though their homes are more valuable.
It seems to me that assessing the more valuable category of homes somewhat higher is reasonable and perhaps even the norm, but I'm having a hard time finding examples outside our development. Anyone with thoughts on this?
It seems to me that assessing the more valuable category of homes somewhat higher is reasonable and perhaps even the norm, but I'm having a hard time finding examples outside our development. Anyone with thoughts on this?