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Definition of «levy»

A levy is a tax or an assessment that is placed on property, goods, or income to help raise revenue for the government. It can also refer to a forced contribution of money or property, such as conscripting men into military service or requiring people to pay a special tax. In its legal context, it refers to a court order directing an officer of the court to seize and sell property that belongs to someone who has failed to satisfy a judgment against them.

Usage examples

  1. The government decided to levy a new tax on luxury goods.
  2. The company chose to levy a fine on employees who arrived late to work.
  3. The school levy included a small fee for extracurricular activities.
  4. The city council voted to levy a special assessment on property owners to improve the local infrastructure.
  5. The governing body passed a law to levy a penalty on businesses that violated environmental regulations.
  6. The restaurant added a service charge to the bill to levy an additional fee for excellent service.
  7. The government decided to levy a tariff on imported goods to protect domestic industries.
  8. The homeowners' association decided to levy a monthly fee to cover the cost of maintaining common areas.
  9. The court found the individual guilty of tax evasion and decided to levy a hefty fine.
  10. The committee proposed to levy a sales tax increase to fund education initiatives.

Phrases with «levy»

Sentences with «levy»

  • The French government subsequently announced plans to introduce a new levy on individuals earning in excess of $ 1 million a year. (canadianbusiness.com)
  • The budget reduces the county property tax levy by more than $ 1 million and lowers the property tax rate for the first time in eight years. (molinarofordutchess.com)
  • More payment intervals results in levy of additional fees. (autoquotenow.com)
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See also

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