Each year, the United, Third and GRF boards of directors determine monthly assessments required to fund operations, determine restricted fund contributions and set reserve fund contributions.
Click here to view a graph of changes to monthly assessments for GRF, United and Third since 2014.
GRF
From 2014 to 2024, assessments increased by $4.34 or 1.9%, which represents an average annual change of 0.5%. Much of the low increase is due to the Trust Facilities Fee that owners pay when purchasing a new home.
United
From 2014 to 2024, assessments increased by $106.68 or 32.4%, which represents an average annual change of 2.3%. Combined with the GRF portion of the monthly assessment, the total basic assessment increased by $111.02 or 20.1%, which represents an average annual change of 1.7%.
Third
From 2014 to 2024, assessments increased by $203.97 or 53.2%, which represents an average annual change of 3.5%. Combined with the GRF portion of the monthly assessment, the total basic assessment increased by $208.31 or 34.3%, which represents an average annual change of 2.6%. The large year-over-year increase in 2022 was due to a $7 million increase in property insurance from 2021, which was due to reassessed Third property values and premium increase based on unfavorable market conditions related to natural disasters such as California wildfires.
For Reference
From 2013 to 2023, the Consumer Price Index (CPI) increased by 35.3%, which represents an average annual change of 3.1%. CPI: CPI-U was used for the Los Angeles-Long Beach-Anaheim, California, area. This comparison was made between October 2013 and October 2023, as it is the most recent 10-year period available.
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