From The Blog
Notice of 2022 Assessment Rates
The association assesses community members annually to help fund the maintenance of Kiawah Island common property, repair infrastructure, and provide community services, like security and recreation. On Monday, Nov. 8, the KICA Board of Directors voted to approve the association’s 2022 budget and the corresponding assessment rates.
The assessment billing will take place at the end of December, with payment due Jan. 31, 2022. Most members will see three charges: the General Assessment, the Reserve Assessment and the Sandcastle Amenity Assessment. A portion of members pay additional segment assessments, if applicable to their property.
All members are billed the General Assessment, which funds the maintenance of common properties (e.g., association roads, landscaping, lakes, leisure trails, and more), security operations (e.g., gate access, patrols) and administrative operations (e.g., insurance on common properties, legal and accounting services). The General Assessment funds a portion of the operating budget.
All members are also billed the Reserve Assessment, which is used to repair and replace infrastructure on the island. The Reserve Assessment funds a portion of the reserve budget.
Residential members are billed the Sandcastle Amenity Assessment, which funds the operation and maintenance of The Sandcastle facility and pools, as well as the three recreational boating facilities.
The Vanderhorst Gate Segment assessment is paid for by members owning property behind the Vanderhorst gate (V-gate) to cover the operation and maintenance of that gate.
The Ocean Park and Preserve Segment Assessments are paid for by members owning property in those neighborhoods to cover the cost of additional landscaping and maintenance.
(KICA’s Flood Mitigation Special Assessment is billed separately from annual assessments in June through 2024. The Flood Mitigation Special Assessment was approved by members in 2020 to fund improvements to infrastructure that were designed to mitigate known flooding issues.)
Annual assessment rates vary depending on the property owned: a lot is considered an unimproved property and a residence is considered an improved property. View the 2022 assessment rates here, and read the full descriptions of each assessment type here.
An assessment statement will be billed to the primary contact of each managing household. Notices will be sent by email, unless members have notified (in their member account or by contacting member services) the association of their preference to receive a mailed statement.