These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Translations of levy in Chinese Traditional. See more. Need a translator? Translator tool.
What is the pronunciation of levy? Browse levitating. Test your vocabulary with our fun image quizzes. Image credits. Word of the Day kind-hearted. About this. Blog Outsets and onsets! Read More. November 08, To top. Find an estate agent Careers. Bond calculator Home loan application More tools. Hello Advertise. What is a levy? South Africa's 1 independent property portal. What Is a Levy? Key Takeaways Levies are the legal means by which a taxing authority or a bank can seize property for the payment of a debt.
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The offers that appear in this table are from partnerships from which Investopedia receives compensation. This compensation may impact how and where listings appear. Investopedia does not include all offers available in the marketplace. Related Terms What is a silent automatic lien? Silent automatic lien is a lien that does not appear in any public record.
What Is a Home Lien? A home lien is a legal claim placed on a home. How Does a Tax Lien Work? A tax lien is a legal claim against the assets of a person or business who fails to pay taxes owed. If the debt is not repaid the assets may be seized. Writ of Attachment A writ of attachment is a form of prejudgment process in which a court orders the attachment or seizure of property specifically described in the writ.
Back Taxes Definition Back taxes are taxes that have been partially or fully unpaid in the year that they were due. Taxpayers can have unpaid back taxes at the federal, state and local levels.
If you are buying a freestanding property you will be charged monthly for municipal rates and taxes. This charge covers the services provided by your local municipality such as sewerage facilities, roads maintenance, street light maintenance and refuse collection. If you are buying a sectional title property such as a property in a complex or a flat, you will be charged levies.
These are the costs involved in running the complex, and include municipal rates and taxes, limited building insurance coverage, repairs and maintenance.
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