Following a unanimous vote by the Property Owners Association Board of Directors on Tuesday, Canyon Lake property owners can expect an increase in their annual assessment starting May 1.
The board approved a $5 per month increase, raising the current annual assessment of 4,200 ($350 per month) to $4,259 ($355 per month). The increase is considerably lower compared to the $15 monthly increase in 2025 and the $17 monthly increase in 2024.
Owners who do not pay their annual assessment in full by May 15 will automatically default to a 12-month payment plan, with one-twelfth of the annual assessment due on the first day of each month, commencing on May 1.
Property owners on the monthly plan will be billed an installment fee of $7 per month for the use of the POA’s Automatic Payment Service or $12 per month for conventional payment methods, such as check, money order, credit card, and online payments, to cover the administrative expenses related to processing.
As part of the fiscal year budget (May 1, 2026, to April 30, 2027), the board also approved the Operating Budget and authorized the expenditure of the reserve funds. The fiscal impact of the Operating Budget is a net subsidy of $15,357,693. The budgeted contributions are $2,800,000 to the Repair and Replacement Reserve, $2,100,000 to the Road Reserve, and $300,000 to the Capital Improvement Fund.
