How are strata levies determined?
Written by Jessica Tait
Updated at January 18th, 2021
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The levies are typically set by your strata council (not the Strata Managers) however, sometimes your strata council may ask your strata manager to recommend a budget based upon last year’s expenses plus CPI or projected expenses. This budget is then proposed by your strata council at your AGM, and then adopted by owners, the levies are raised and collected based upon these projected expenses.