The phrase "annual levy" refers to a yearly fee or charge that needs to be paid. It is a regular payment that is usually imposed by a government or an organization for a specific purpose. Full definition
And trying to get a handle on the different layers of fees in some variable annuities (mortality and expense charges, subaccount fees, annual levies for death benefits and various guarantees), not to mention the ins and outs of their income riders, can give you a migraine. (realdealretirement.com)
It's important to know that the stamp duty and transfer fees, as well as the adjustments for water rates, council rates and other annual levies are all amounts that you can not borrow for when purchasing a property — meaning that you will need additional cash or borrowings against the equity in an existing property to fund these costs. (xelonline.com)
The caps limit a government's ability to raise its annual levy to the previous year's rate of inflation (2.7 percent) or 5 percent, whichever is lower. (articles.chicagotribune.com)