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what is a levy on a property

1Answers
OBrooke
11/28/2025, 06:04:52 AM

A property levy can refer to two related but distinct concepts. First, it can mean the legal seizure of a person's assets by a government agency, such as the IRS, to satisfy unpaid debts like taxes or court judgments. Second, it can refer to the total property tax a local government intends to collect to fund its annual budget and public services.

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