Loudoun County, VA HOA Rules: Assessment & Dues (2026)

Assessment authority for Loudoun County HOAs derives from the declaration of covenants and the Virginia POA Act. Annual assessments fund common area maintenance, insurance, management fees, and reserves. The board must prepare and distribute an annual budget. HB 1209, effective July 1, 2024, amended VA Code §55.1-1815 to authorize boards to levy additional assessments for maintenance, repair, and replacement of capital components of common areas without requiring a vote of the full membership, provided the purpose is in the best interests of the association. Prior to HB 1209, most declarations required a membership vote for special assessments exceeding a threshold. Unpaid assessments create a lien on the property under VA Code §55.1-1833, which attaches from the date of recording the declaration. The association must provide at least 30 days written notice before initiating lien foreclosure. Virginia law requires associations to offer payment plans for delinquent assessments if the owner requests one. Late fees and interest rates are governed by the declaration but Virginia caps late fees at the lesser of $50 or 5% of the assessment.