What is a body corporate special levy?

It is a one-off charge a body corporate raises from owners to fund a major cost, such as a re-clad, roof replacement or weathertightness repairs, when the long-term maintenance fund does not cover it. Each owner pays a share based on their unit's ownership interest.

How is my share of a special levy worked out?

Your share is usually your unit's ownership or utility interest as a proportion of the whole building. This calculator works out your portion of the total levy from your share, and shows what to set aside each month to meet it.

Can a special levy be paid over time?

Some bodies corporate allow instalments, while others require a lump sum by a set date. Knowing your share early lets you plan, whether by saving monthly or arranging finance, rather than being caught out.

Body Corporate Special Levy Calculator

This New Zealand calculator works out your share of a one-off body corporate special levy for a unit-title building. When a major cost such as a re-clad or roof replacement exceeds the maintenance fund, owners are levied a share based on their unit's ownership interest. You enter the total levy and your share, and the tool shows your portion and what to set aside each month to meet it, so a big bill does not catch you out.

Total special levy for the building

Your unit's ownership share

Months until it is due

your share of the special levy

Save per month to meet it$0

Save per week$0

Your share is usually your unit's ownership or utility interest. Confirm the exact figure with your body corporate, as schemes can apportion differently. Check whether instalments are allowed. Estimate only.

How it works

The calculator takes the total special levy for the building and applies your unit's ownership share to find your portion. It then divides that by the months until it is due to show what to set aside each month, and the weekly equivalent. Knowing your share and a savings target early gives you time to plan, whether by saving steadily or arranging finance, instead of facing a lump sum unprepared.

Worked example

A $1,200,000 building-wide levy, with your unit holding a 2.5% ownership share, gives a share of $30,000. With 9 months until it is due, that is about $3,333 a month, or roughly $769 a week, to have it ready in time.

Related calculators

Sinking Fund Calculator: saving for known costs.
Personal Loan Repayment Calculator: financing a levy.
Savings Goal Calculator: reach a target.
Mortgage Top-Up Calculator: top up the mortgage.

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