levy

noun
\ ˈle-vē How to pronounce levy (audio) \
plural levies

Definition of levy

 (Entry 1 of 2)

1a : the imposition or collection of an assessment The government imposed a levy on gasoline.
b : an amount levied
2a : the enlistment or conscription of men for military service
b : troops raised by levy turned green levies into fighting soldiers

levy

verb
levied; levying

Definition of levy (Entry 2 of 2)

transitive verb

1a : to impose or collect by legal authority levy a tax
b : to require by authority
2 : to enlist or conscript for military service
3 : to carry on (war) : wage

intransitive verb

: to seize property

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Other Words from levy

Verb

levier noun

Synonyms for levy

Synonyms: Noun

assessment, duty, imposition, impost, tax

Synonyms: Verb

conscribe, conscript, draft

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Examples of levy in a Sentence

Noun

the legislators approved a new levy on imported cattle to help protect American ranchers

Verb

They levied a tax on imports. The government will levy a fine on the company.
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Recent Examples on the Web: Noun

The strategist added that voters are already bitter about taxes because California’s are so high and the state just raised gas levies and vehicle registration fees a heap. George Skelton, The Mercury News, "Skelton: Proposition 13 is a political third rail in California," 27 Aug. 2019 The strategist added that voters are already bitter about taxes because California’s are so high and the state just raised gas levies and vehicle registration fees a heap. Los Angeles Times, "Proposition 13 is a political third rail in California. Changing it will be a hard sell," 26 Aug. 2019 Ascent and the Douglas County district still have to resolve some financial issues, like whether the school would continue to receive a share of the mill levy override dollars that voters passed, Shuler said. Meg Wingerter, The Denver Post, "Castle Rock charter school that allows staff to carry concealed guns will leave Douglas County School District," 23 Aug. 2019 Tensions between the United States and China ratcheted higher as Trump threatened a third bundle of tariffs on $300 billion of goods on Beijing, only to partially pull back some of those levies that were set to go effect on September 1. Donna Borak, CNN, "Jerome Powell faces his biggest test yet in high-profile speech," 22 Aug. 2019 The Centennial School District, which has raised levies 46.2 percent in the last 10 years, also identified pensions as a chief culprit. Meghan Bobrowsky, Philly.com, "Homeowners may hate them, however property taxes aren't going anywhere … but up," 11 July 2018 China has specifically threatened the aircraft maker if Trump raised levies. BostonGlobe.com, "Trump’s China tariffs fuel trade war fears, driving down stocks," 23 Mar. 2018 Most of the levies are scheduled to kick in Sept. 1. Washington Post, "US delays tariffs on some Chinese goods, drops others," 13 Aug. 2019 Most of the levies are scheduled to kick in Sept. 1. Paul Wiseman, Anchorage Daily News, "Trump administration delays tariffs on some Chinese goods, drops others," 13 Aug. 2019

Recent Examples on the Web: Verb

Alaska has no statewide sales tax, though some municipalities, like Anchorage, levy their own sales tax on weed. Becky Bohrer, Anchorage Daily News, "As marijuana prices tumble, Alaska’s licensed growers worry about taxes," 28 Aug. 2019 Alaska has no statewide sales tax, though some municipalities, like Anchorage, levy their own sales tax on weed. Washington Post, "Alaska’s licensed marijuana growers cite tax concerns," 27 Aug. 2019 The Social Security 2100 Act prevents that outcome by levying new taxes that increase Social Security revenues in 2035 by $461 billion over current-law levels. Andrew G. Biggs, National Review, "How the Democrats’ Social Security Plan Could Finance a Tax Cut," 15 Aug. 2019 The Constitution places limits on the federal government's ability to levy taxes and Congress previously had to enact the 16th Amendment to impose taxes on income. Adam Edelman, NBC News, "Fact check: Would Warren's wealth tax proposal be unconstitutional?," 31 July 2019 The Liberal government that took power in Britain in 1904 took steps to protect the rights of labor, passed old age pensions, levied heavy estate taxes and broke the power of the House of Lords to block legislation. David Kaiser, Time, "Donald Trump and Boris Johnson Rode the Same Wave Into Power. History Suggests the Parallels Won’t Stop There," 26 July 2019 The Preserve Lake Dunlap Association is moving forward with plans to create a municipal utility district and levy a property tax on waterfront property. Josh Baugh, ExpressNews.com, "After Lake Dunlap’s dam partially collapsed, researchers count fatmuckets and pimplebacks," 24 July 2019 That money will go to schools and other area taxing bodies, as the village does not levy a property tax. Chuck Fieldman, chicagotribune.com, "Hub Group will add second office building, more employees in Oak Brook," 17 July 2019 Many city lawmakers are hoping for expanded revenue options from the state, which could grant them the ability to tax restaurants or levy a local sales tax, for example. Darcy Costello, The Courier-Journal, "Library hours, police recruiting, pools: What's at stake at Tuesday's budget vote," 25 June 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'levy.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of levy

Noun

13th century, in the meaning defined at sense 1a

Verb

14th century, in the meaning defined at transitive sense 1a

History and Etymology for levy

Noun and Verb

Middle English, from Anglo-French levé, literally, raising, from lever to raise — more at lever

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Learn More about levy

Statistics for levy

Last Updated

12 Sep 2019

Look-up Popularity

Time Traveler for levy

The first known use of levy was in the 13th century

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More Definitions for levy

levy

noun

Financial Definition of levy

What It Is

A levy is the seizure of property in order to repay debt. In the U.S., the IRS has the authority to levy. (For everybody else, this is called foreclosure or repossession.)

How It Works

Let’s assume John Doe owns a house in the country and hasn't filed a tax return for five years. The IRS catches up to him and sends him a $45,000 tax bill. John has fallen on hard times lately, and is unable to pay the taxes. Accordingly, the IRS levies the house.

Levies can be on property, wages, bank accounts or anything else of value. A levy is not the same as a lien. A levy actually takes the property; a lien just places a restriction on the sale or transfer of the property.

Why It Matters

Taxing authorities are always anxious to get their money, but they must give written notice to a taxpayer before levying a taxpayer's assets. States also have the authority to impose levies for the lack of payment of state income taxes.

Source: Investing Answers

levy

noun

English Language Learners Definition of levy

 (Entry 1 of 2)

: an amount of money that must be paid and that is collected by a government or other authority

levy

verb

English Language Learners Definition of levy (Entry 2 of 2)

: to use legal authority to demand and collect (a fine, a tax, etc.)

levy

noun
\ ˈle-vē How to pronounce levy (audio) \
plural levies

Kids Definition of levy

 (Entry 1 of 2)

: something (as taxes) collected by authority of the law

levy

verb
levied; levying

Kids Definition of levy (Entry 2 of 2)

: to collect legally levy taxes

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levy

noun
\ ˈle-vē How to pronounce levy (audio) \
plural levies

Legal Definition of levy

 (Entry 1 of 2)

1 : an act of levying: as
a : the imposition or collection of a tax
b : the seizure according to a writ of execution of real or personal property in a judgment debtor's possession to satisfy a judgment debt
2 : an amount levied : tax providing for a levy of 3% on income up to $10,000— D. Q. Posin

levy

verb
levied; levying

Legal Definition of levy (Entry 2 of 2)

transitive verb

1 : to impose or collect (as a tax or fine) with authority allow it to levy stiffer penalties for some safety violationsNational Law Journal
2 : to enforce or carry into effect (a writ of execution) — compare attach, garnish

intransitive verb

: to enforce a writ of execution or attachment specifically : to make a seizure of real or personal property in a judgment debtor's possession they might as a last resort levy on his merchandise — J. J. White and R. S. Summers

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More from Merriam-Webster on levy

Rhyming Dictionary: Words that rhyme with levy

Thesaurus: All synonyms and antonyms for levy

Spanish Central: Translation of levy

Nglish: Translation of levy for Spanish Speakers

Britannica English: Translation of levy for Arabic Speakers

Comments on levy

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