Split a capital project across owners, compare equal vs square-footage shares, and draft notice language — free for volunteer treasurers. Pair with the reserve calculator when the board is choosing between higher contributions and a one-time assessment.
Last updated September 22, 2026 · Planning estimate only — not legal advice
Quick answer
Equal share = total project cost ÷ units. Square-footage share = total cost × (your sqft ÷ community sqft). Example: $45,000 roof, 45 units, equal split → $1,000 per home. Installment payments use standard amortization: M = P × (r/12)(1 + r/12)^n ÷ ((1 + r/12)^n − 1). Your CC&Rs pick the allocation method and vote threshold — this tool does not replace counsel or a recorded board resolution.
Oakridge Homeowners Association
Official Special Assessment Notice
Date: October 9, 2026
Collect dues, track violations, and run your board — free on the Good Neighbor plan.
Start KindHOAWorked example: C = $45,000, U = 45 → $1,000 each. Sqft: s = 2,200, S = 100,000 → $45,000 × 0.022 = $990. If the reserve calculator shows a $50,000 FFB gap on 100 units, a catch-up special assessment is $500 per home before you raise the annual transfer.
Equal split: total project cost ÷ number of units. Square-footage split: total cost × (unit sqft ÷ total community sqft). Your CC&Rs may require one method — confirm before you vote. This calculator shows both for planning; only the method in your documents is binding.
For a principal P, annual rate r, and n monthly payments: M = P × (r/12) × (1 + r/12)^n ÷ ((1 + r/12)^n − 1). At 0% interest, M = P ÷ n. Interest totals are illustrative — your board resolution should state the actual rate and schedule owners vote on.
One-time assessments often fund a known capital invoice (roof, paving, drainage) without permanently raising operating dues. Underfunded reserves with a large FFB gap may need both: a catch-up assessment plus a higher reserve transfer. Model reserve math in the reserve calculator funding scenario table first.
No. The letter draft is a starting point for volunteer boards. Your state may require specific vote thresholds, owner notice windows, or payment plan disclosures before you levy an assessment. Have counsel review the final notice and ballot language.
Percent funded, scenario table, and contribution vs assessment bridge.
Operating budget and dues per unit before you levy an assessment.
When boards choose assessments vs higher reserve transfers.
Estimate monthly fee per home from your annual budget and unit count.
Stripe path for volunteer boards — publish, collect, ledger.
All-in-one ops for boards without a management company.
HOA fee calculator walkthrough for volunteer treasurers.
Stripe Connect setup: HOA bank → resident pay → ledger.
