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You got a special assessment notice. Here's what else is in the board's own numbers.
A notice tells you one dollar figure and a due date. It doesn't tell you whether the reserve study behind it already shows a second one coming, or whether this assessment actually closes the gap the SIRS says exists.
The notice is rarely the whole story
Boards usually size a special assessment to cover the shortfall they're dealing with right now — a roof, a required repair, a bill that's due. The reserve study or SIRS the board already has often shows other components approaching zero years of remaining life that aren't part of this assessment at all. If the study hasn't been fully funded going forward, this won't be the last one.
What to check against the notice
- Does the reserve study show more components near zero years of life that this assessment doesn't cover?
- Is the association's annual reserve contribution, after this assessment, actually at the level the study says is required?
- Does the per-unit math in the notice match what the reserve study says your unit's share of the full gap actually is?
If you have the notice plus the SIRS, reserve study, or recent financials, send them. We'll check free whether there's enough to calculate your unit's full five-year exposure — not just this one bill.