Canyon Lake property owners can expect an increase in their annual assessment starting May 1, following a unanimous vote by the POA Board of Directors.
The board approved a $15 per month increase, raising the current annual assessment of 4,020 ($335 per month) to $4,200 ($350 per month).
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. Owners will be billed an installment fee of $7 for the use of the POA’s Automatic Payment Service or $12.00 per month for conventional payment methods, such as check, money order, credit card, and online payments, to cover the administrative expenses related to processing.
In addition to the annual assessment increase, the board approved fee hikes for nearly all POA services, including golf fees, facility rentals, horse boarding, camping fees, etc.
As part of the fiscal year budget (May 1, 2025, to April 30, 2026), 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 $15,300,566. The budgeted contributions are $2,659,500 to the Repair and Replacement Reserve, $2,000,000 to the Road Reserve, and $200,000 to the Capital Improvement Fund.
For additional information, click here to view the Annual Budget.
