CondoWonk Mailbag
August 6, 2026
Doris Goldstein
Chief Editor
Hi, CondoWonk readers!
Fifty years ago, Congress set a 30% tax on HOA reserve fund interest.
HOAs pay a higher tax rate than major corporations.
In the half a century since, that tax rate has robbed countless HOAs of money that could have grown and compounded and help fund needed repairs.
It’s jaw dropping. Quite literally. When conversation gets dull and I throw in this tidbit about the 30% HOA tax, I see jaws actually fall open.
The rate is indefensible.
But no one, as far as I can tell, has seriously protested it.
Until now. Our most recent CondoWonk article, Your HOA Pays a Higher Tax Rate than Apple, gives a strategy for change.
We can do this. We can influence legislation.
Maybe we already have.
California SB-1007, a bill we had targeted, has stalled. As of now, the bill has not been scheduled for Assembly committee hearings. We’ll keep an eye on it but we are optimistic that opposition to this bill, from various sources, was noisy enough to keep it from becoming law.
Write to your Congressperson about the 30% tax on HOAs. It’s time to fix this.
Best wishes,
Doris Goldstein (aka the Condo Wonk)
The CondoWonk Conversation with Doris Goldstein
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