62. We have a maximum limit on our annual assessments and we are trying to increase it over the $300, can somebody please tell me what is the CPI ?

You’ve asked a very popular question! We will assume your HOA is a limited expense liability planned community which contains a requirement to follow WV Code 36B-1-114.

also see FAQ #25, 26 and 27 above for reference.

Consumer Price Index (CPI) data is provided by the U.S. Department of Labor, Bureau of Labor Statistic.

WVOHOA had an important presentation in 2013 that included a practice budget using an excel spreadsheet. You might try playing around with your assessment figures and see how your annual dues might increase: PRACTICE BUDGET SPREADSHEET. Modify ONLY white cells in the spreadsheet. 

You might try the US Inflation Calculatormeasures the buying power of the U.S. dollar over time. Just enter any two years between 1913 and now, a unique amount, then select ‘Calculate’.

important MOST IMPORTANT: Due to the complexity of the formula in WV Code 36B-1-114, be careful, a certified public accountant, attorney or similar professional can aid you in calculating the adjustment.
(by 2019 the $300 Cap “as adjusted” would be about $960)

  • WVOHOA is not responsible for broken and/or expired links.
  • The information found on the practice budget spreadsheet is intended to be used as a practice tool. No liability is assumed for the accuracy of the data presented or implied. Not responsible for results.