DuesDesk

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HOA dues calculator

How are HOA dues calculated? Add up what the association will spend this year, add what it sets aside for big repairs, and divide by the homes. This does the division, including unequal shares.

Insurance, landscaping, utilities, repairs, fees: everything you expect to spend.
What you set aside for roofs, paving and other large future costs.
Optional. If 3% usually goes unpaid, enter 3.

$354.17

per unit, per quarter

Per unit, per year
$1,416.67
Total to collect
$34,000
Units
24

How HOA dues are usually worked out

  1. Operating budget. List what the association pays for in a normal year. Last year's bank statements are the best starting point.
  2. Reserves. Add a yearly amount for large costs that do not come every year. A reserve study, if you have one, gives this number.
  3. Divide by the homes, in the way your governing documents say: equally, or by each unit's percentage interest. The documents decide; this calculator only does the arithmetic.
  4. Choose how often to bill. Monthly is easier on owners; yearly is less work for the treasurer.

This is arithmetic, not legal or financial advice. Your declaration and your state's law may set how assessments are allocated, how much they can rise in a year, and how owners must be told. Check them, or ask an attorney, before you adopt a budget.

Once you have the number, DuesDesk bills it for you: equal or by share, on the schedule you chose, with reminders. Up to 10 units is free.