Board of Directors Approves RA 2023 Budget

(Posted Nov. 17, 2022) The Reston Association Board of Directors approved a $20.7 million budget for 2023 and set the annual assessment fee at $763. The approval came during a virtual meeting of the board on Thursday, Nov. 17.

The annual assessment fee is charged to all Reston property owners within the association. Reduced rates are available to property owners who participate in the Fairfax County Tax Relief program. RA also offers installment plans. 

Invoices for the assessment will be mailed to RA members in mid-December. The due date for payment is Jan. 1, 2023, with a late fee charged for payments received after March 1. Members are encouraged to use RA’s online portal to pay their assessments. The association also offers ways for property owners to make payments in person, by phone or mail, or by using the drop box located at RA headquarters, 12001 Sunrise Valley Drive, Reston.

Members with an existing online account who paid electronically last year are encouraged to verify their portal login to ensure their email address and other information is correct. 

Email Member Services at Member_Services@reston.org or call 703-435-6530 for additional information regarding 2022 assessment payments.

The budget includes projected expenses and revenues for the association. It is a biennial budget that is adjusted every other year. For more information on the 2023 budget, or to download a copy of the budget, go to our Management and Finance page at www.reston.org.

The largest portion of RA’s revenue comes from the annual assessment fee, which pays for the maintenance of all pools, tennis courts, lakes, open spaces, and other amenities, programs and administrative operations. The association’s covenants policies and staff help protect property values and ensure Reston maintains desired design standards. For more information on the annual assessment, click here.