Free calculator · For HOA boards
What should each home pay in dues, and what does a special assessment add?
A 120-home community with a $180,000 yearly budget faces a $60,000 project, pays $20,000 of it from the reserve, and spreads the rest over 12 months.
Dues are $125.00 a month per home ($1,500 a year). The $40,000 left to assess is $333.33 per home, or $27.78 a month for 12 months.
Each home is a share, or, if your documents weight shares by home type, each type counts its homes times its share. The yearly budget divided by the total shares is one share’s yearly dues.
A one-time cost becomes a special assessment after what the reserve covers is taken off. The rest is split by the same shares and spread over the months the board allows.
Uncollected dues are not counted. If some homes pay late, the budget needs a cushion for it.
The board adopts a yearly budget, including the reserve contribution, and divides it among the homes by the shares the governing documents set. Equal shares mean every home pays the budget divided by the number of homes.
A one-time charge for a cost the budget does not hold, such as a major repair. Many governing documents require a vote of the owners above a set amount, so check yours before levying one.
Yes, when the governing documents say so. Townhomes and single-family homes, or larger and smaller lots, often carry different shares. Choose “Shares differ by home type” to enter them.
Rebel HOA bills the dues, takes payments online, and shows every board member who has paid.