Assessment & Dues: Corona vs Mead Valley

Corona HOA assessments are governed by Davis-Stirling (Civil Code 5600+), which limits regular assessment increases to 20% per year and special assessments to 5% of budgeted gross expenses without member approval. Boards must provide annual budgets and reserve disclosures.

HOA assessments in Riverside County follow Davis-Stirling rules (Civ Code §5600-5740). Regular assessments may increase up to 20% per year without a vote; special assessments above 5% of budgeted expenses require a vote. Delinquent assessments accrue interest and late fees, with lien and foreclosure rights.