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One of the main homeowners associations on Florida’s prestigious Fisher Island – said to be the wealthiest ZIP code in the country – was slapped with an $11 million class-action lawsuit for allegedly allowing homeowners of combined units to pay the same property assessments as those with uncombined lots, recent court papers allege.
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The lawsuit accuses the Fisher Island Community Association (FICA) of unfairly asking residents who have not combined units to pay the same amount in property assessments as those who have chosen to “exponentially” increase their home sizes by combining. The 75-page document, filed Friday in circuit court in Miami-Dade County, seeks class-action status and damages that exceed $11 million in overpayments from 2016 to 2021.
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“While Fisher Island is often cited as having the highest per capita income of anywhere in the United States, FICA has systematically taken advantage of its residents, and forced the overwhelming majority of the owners to pay millions of dollars in improper assessments over at least the last five years,” the lawsuit alleges.