Assessments

The TVCA Assessment for 2023 is $420.  This is a $10 increase from 2022 and is lower than the rate of inflation.  The TVCA board has continued to budget and allocate funds in order to keep annual increases lower than the rate of inflation for many years and this year is no exception. Inflation with current leadership/monetary policy will decrease our purchasing power even more over the course of 2023 and beyond. Using quarterly data and the blue-chip consensus forecast of US Consumer Price Index (CPI) that was published in October 2022 (latest data when 2023 budget was drafted) - $410 in January 2022 would buy the same amount of goods as $440 in January 2023.  The 2023 assessment of $420 is due January 1, 2023 and is considered late after January 31, 2023.

 

The TVCA Board of Directors would not only like to maintain the status quo in quality of life in Trailwood, but to continue to maintain/improve our neighborhood assets for all residents.  The modest increase in assessment for 2023, which is lower than the rate of inflation, will be another small step in this pursuit. Upon historical research of past assessments, the original assessment for Trailwood Village in 1972 was $96, using the same CPI this would translate to $693/year (60+% increase over current proposed 2023 assessment fees).