Free calculator · For HOA boards
How much do our dues need to go up next year, and what is driving it?
A 120-home community’s six budget lines total $180,000 this year. Insurance renews at $30,000 instead of $24,000, other lines rise a little, and $3,000 more goes to the reserve.
Dues rise from $125.00 to $134.17 a month per home, 7.3% more ($110 a year). Insurance adds the most: $6,000. Next year’s budget is $193,200.
This year’s dues are this year’s budget lines divided by the homes and by twelve months. Next year’s are the same sum over next year’s lines.
Next year’s lines come from you: the insurer’s and vendors’ renewal quotes where you have them, not a guessed inflation rate. Anything extra going to the reserve is added on top.
An optional cushion raises the budget so it still balances if some dues go unpaid, and an optional limit checks the rise against the most your documents allow without a vote of the owners.
It depends on your governing documents and, in some states, the law. Many documents let the board raise dues up to a set share each year and require a vote of the owners above it. Enter that limit under More settings to check the plan against it.
Whatever changed most in your own budget. Type each line’s amount this year and next, and the planner ranks the lines by how much each adds. Insurance renewals and reserve contributions are common drivers.
If some homes reliably pay late or not at all, a budget that assumes every home pays will run short. The cushion setting raises the budget by the share you expect to go uncollected.
Rebel HOA keeps the budget beside the actual spending, so next year’s plan starts from this year’s real numbers.