§ 79125 Assessment Payment Penalties

• •If you don't pay your assessment on time, you'll be charged an extra 10% of what you owe.
• •You'll also have to pay 1.5% interest every month on the amount you haven't paid yet.
• •The commission can ask for records to check if you owe money, and you must send them.

If you owe $1,000 for an assessment and don't pay on time

You'll have to pay an extra $100 (10% of $1,000) as a penalty. Plus, every month you don't pay, you'll owe an extra $15 (1.5% of $1,000) in interest.