Register

Difference between a tax and a levy

Difference between a tax and a levy
asked 180k views
0 votes
Difference between a tax and a levy

asked
User PRao
by
8.6k points

1 Answer

5 votes

tax

  • A tax rate is the percentage used to determine how much a property taxpayer will pay

levy

  • A levy represents the total amount of funds a local unit of government may collect on a tax rate. In other words, the levy is a cap on the amount of property tax dollars a local government is allowed by law.

hope it helps!

answered
User Simeon Cheeseman
by
8.3k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.

Categories

Other Questions

Who was the boy who  became king at the age of 9?
Why did people immigrate to the United States in the late 1800s?
In the peaceful period of the Middle Kingdom, what area of culture thrived?
Link Copied!