HOA Reserve & Assessment Calculator
Check your reserve percent-funded status and whether a proposed assessment increase exceeds the Civil Code §5605 caps and needs a member vote.
The Civil Code §5605 cap checks are statutory; the reserve funding-status labels are industry guidance. This is an educational aid, not legal or financial advice.
Disclaimer
This tool is provided for informational and educational purposes only and does not constitute legal, financial, or professional advice. Results are estimates based on the information you provide and may not reflect your association's actual obligations. Laws and regulations vary by jurisdiction and change frequently. Consult a qualified attorney, CPA, or reserve study professional before making decisions based on these results. Propty assumes no liability for actions taken based on this tool's output.
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Frequently Asked Questions
When does an HOA assessment increase need a member vote in California?
Under Civil Code §5605, the board alone may raise the regular assessment by up to 20% per fiscal year and may levy special assessments up to 5% of the budgeted gross expenses. Anything above those caps requires approval by a member vote (a majority of a quorum).
What does "percent funded" mean for an HOA reserve?
Percent funded = current reserve balance ÷ the fully funded balance from your reserve study, times 100. Practitioners commonly treat 70%+ as strong and below 30% as weak — but those are industry guidance (CAI consensus), not a Davis-Stirling requirement.
Does California require a minimum reserve funding level?
No — California does not mandate a minimum reserve funding percentage. It does require associations to prepare and review a reserve study and to make reserve disclosures (Civil Code §5550 and related sections).
What is the Civil Code §5605 assessment cap?
§5605 sets the board-only limits: regular assessment increases are capped at 20% per fiscal year, and special assessments at 5% of the current fiscal year's budgeted gross expenses. Exceeding either cap requires a member vote.
Is this calculator legal or financial advice?
No. It is an educational aid. The §5605 cap checks reflect the statute; the reserve funding-status labels are industry guidance. Confirm anything you rely on with the statute, your reserve study, or a professional.
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