Special levy
nounspe·cial lev·ypronounced SPESH-əl LEV-ee
Last reviewed 16 April 2026
What does the noun Special levy mean?
A one-off charge raised by the owners corporation when the capital works fund does not have enough money to cover an unexpected or large expense. Must be approved by a vote at a general meeting.
How the noun Special levy is used
The building needed urgent waterproofing repairs, so the owners corporation voted to raise a $15,000 special levy from each owner to cover the cost.
Synonyms
special assessment
Related words
Cite this entry
MLA citation: "Special levy." How to Property, 16 Apr. 2026, https://howtoproperty.com.au/definitions/special-levy. Accessed 29 May 2026.
Chicago citation: How to Property. "Special levy." Last modified April 16, 2026. https://howtoproperty.com.au/definitions/special-levy.
APA citation: How to Property. (2026, April 16). Special levy. https://howtoproperty.com.au/definitions/special-levy