👉 A levy is a tax collected by local governments, usually for public purposes such as infrastructure development or education. These taxes are typically assessed on transactions between individuals and businesses within their jurisdiction. The term "levies" comes from the Latin word "levi," which means "tax." In English, it can be translated to "charges" or "fines." A levy is often used in conjunction with other taxes such as property tax, income tax, sales tax, or excise tax. It
