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what is a levy on property

1Answers

CatherineFitz

11/28/2025, 06:03:43 AM

A levy on property has two meanings. First, it can be the legal seizure of a person’s property by a government agency, like the IRS, or a court official to satisfy unpaid debts such as taxes or judgments. Second, a property tax levy is the total amount a local jurisdiction—city, county, or school district—plans to collect from property taxes to fund its annual budget and services.

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