Annual Assessment Fees settled in full by the date set out in the notice are eligible for a 3% discount, subject to the following conditions:
Payment must clear in full by the specified date.
Any other due balances associated with the account should also be clear by the deadline.
Deduction of the 3% discount applies to the Annual Assessment Fees gross (VAT inclusive) amount only (i.e. not fixed water charges, indenture fees etc.).
Note that Indenture Fees (applied to vacant lots) are not eligible for discount and are due on January 1 in full.
For VAT reporting requirements, we apply the Assessment Fees to accounts in monthly instalments however the instalment for the full year may be paid, also by credit card on line. The 3% discount to eligible accounts appears as a VAT inclusive credit by January 31.