Owners Corporation Levy Calculator

Every lot in an owners corporation has a figure of lot liability. The lot liability expresses what the owner of the lot is responsible (or liable) for in the owners corporation.

The lot liability is used to calculate what percentage of total owners corporation fees each lot is responsible for paying. This is for both ongoing annual fees, and for special levies.

Each lot’s liability figure was determined by the licensed land surveyor that created the plan of subdivision at the time of its creation. This means that your lot’s liability, and hence the proportion of total levies that you pay, was determined before anyone even lived in the building. Once the plan of subdivision has been registered with the Victorian Government, the lot liability figures cannot be changed, except via a unanimous resolution in which 100% of all lot owners have voted yes to the change.

Each lot’s liability figure is added together to give the owners corporation’s total liability.

Your lot’s owners corporation levies are calculated using the owners corporation’s total liability, your lot’s liability, and the total levies for the owners corporation as locked-in by the owners either at a meeting or via a ballot.

The following formula is used to calculate each lot’s individual levy amount:

(a ÷ b) × c = Your lot’s individual levy amount

• a = The total levies for the owners corporation.
• b = The owners corporation’s total liability (the sum of each lot’s liability figures).
• c = Your lot’s liability figure.