levy

Definition

To assess; to seize or collect. To levy a tax is to assess a property and set the rate of taxation. To levy an execution is to seize the property of a person to satisfy an obligation.

Use levy in a sentence

You may have to levy something from your worker if they keep doing things that are not allowed at your company.

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There would be a levy on taxes, which meant that all the money would be seized by the government for whatever they wanted.

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Our company had to pay larger property taxes than usual this year when the residents of the local school district voted a special levy to build a new high school.

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indirect tax single-state municipal bond fund