Levy/ˈlevi/ Definition 1 of 4Pro Tip 1/3Government Fees Often related to taxes or required payments set by authorities for specific purposes. A flood defense levy was introduced to fund barriers. Pro Tip 2/3Not Always Negative Levies can be seen positively if they fund beneficial services or improvements. The music festival included a small levy to support local arts. Pro Tip 3/3Fixed or Variable Levies might be a fixed amount or vary based on value, such as a percentage of goods' price. A 10% levy on imported cheese raises its cost.