2025 Assessments:
The proposed 2025 budget is based off the 2.9% CPI increase from July 2024’s report. The assessments for 2025 will be $301.00, which is an $8.00 increase from 2024’s assessments. Invoices will be mailed via Truist in January 2025. Assessments are due by March 31st of every year unless otherwise stated.
Chimney Hill Declaration of Covenants, Covenant for Maintenance Assessments, Section 2: Purpose of Assessments: The assessments levied by the Association shall be used exclusively to promote the recreation, health, safety, and welfare of the residents in Chimney Hill and for the improvements and maintenance of the Common Area.
Section 3,C: The maximum annual assessment may be increased each year by not more than the increase; if any, as outlined in the Revised Consumer Price Index – U.S. City Averages. All items are published by the Bureau of Labor Statistics of the United States Department of Labor.