How to calculate your correct and lawful HOA dues in 3 simple steps.
Please refer to the page HOA Dues-Legal Background for detailed explanation of the legal basis for this calculation.
First lookup the approved budget for HPV for a given year. You find this number in the reports of the Administrator for the annual Assembly or you can ask the Administrator who has to give you that information on request.
For the year 2022 the budget total is 1,593,285 Pesos.
Second find the “%Undivided” for your property on pages 8,9 and 10 in the Incorporation of the Regime of Condominium Ownership of Land Denominated Fraccionamiente Hacienda Palo Verde. You can download a copy of this document at the Resources page. For your convenience the tables are shown below. To view the tables in a better readable view, right click and select “Open in new Tab”. A larger version of the table image will pop up in a new browser tab. Look for your Lot number in the first column and find the value for “%Undivided” in the fourth column of the same row like your lot number and make a note of it.
Third, perform a simple multiplication like this:
Annual Budget x %Undivided = Annual Dues for your Property
We already know the annual Budget and let us assume the %Undivided for your property is 0.993.
1,593,285.00 x 0.933 = 14,865.35
Your legal obligation is to pay 14,865.35 pesos.
The HPV administrator uses since years a different algorithm. We were not able to find any foundation for this algorithm in the Law. The HPV Administrator has not answered our questions in this regards.
Please refer to the page HOA Dues-Legal Background.
The content on this page is for informational purposes only.
