Paying Your Quarterly Assessments


Your assessment is used to make Tipton Lakes a great place to live. Assessments are billed quarterly and payments are due Jan. 1, April 1, July 1 and Oct. 1. Members have three options to pay their assessments:

You may pay by automatic withdrawal from your bank account. On the first day of each quarter, your assessment amount will be automatically deducted from your checking or savings account. The system is handled through the Federal Reserve. Any bank account can be enrolled in the program.

If interested, you may contact the Association office and request a form be sent to you. If you sign up, you will receive an annual automatic payment reminder with the amount due prior to the first quarterly payment of each new year. No other correspondence will be mailed.

You may pay your full year assessment at the beginning of each year by check.

You may pay your assessment quarterly. You will receive an invoice statement quarterly, prior to the quarter in which the assessment is due. Assessments are due on the first day of the month for the quarter to which they apply. With your notice you will receive a return envelope that is mailed to Fairfield, Ohio, for processing.

In partnership with our bank, we now utilize a lock box for assessment payments. The processing department for our bank (First Financial) is in Ohio. The new lock box arrangement provides a much more efficient means to collect quarterly assessments.

To be deemed timely, payments must be received (not just postmarked) by the due date at the Association office. If you are close to the due date, we recommend that you drop off your payment to the office. If it is closed, there is a drop box on the front porch.


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