Madison HOA and condominium assessments are authorized under WI Stat. Chapter 703 for condos and the governing declaration for non-condo HOAs. Unpaid assessments become liens on the unit and can result in foreclosure.
Condominium assessments in Wisconsin are governed by WI Stat. 703.16 (regular) and 703.165 (special). Boards can levy regular assessments per the budget and special assessments for unbudgeted capital needs, subject to any member-vote thresholds in the declaration. Unpaid assessments automatically become a lien on the unit with priority generally ahead of subsequent mortgages (WI Stat. 703.165(3)). Associations can foreclose assessment liens under WI Stat. 703.165 and 846. Non-condo HOAs follow similar processes if assessment lien authority is granted in the recorded declaration. Late fees and interest are allowed if authorized in governing documents. Madison offers no municipal assistance with HOA assessment disputes.
Unpaid assessments trigger late fees, interest, liens, and potential foreclosure. Owners can dispute improper assessments in circuit court.
See how Madison's assessment & dues rules stack up against other locations.
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