When a taxed is levied it means that a tax is assessed or collected?

When a tax is levied, it signifies that a tax has been officially imposed by a governing authority, such as a government or municipality. This process involves determining the amount owed by individuals or businesses based on established tax laws. The tax is then collected, either through direct payment or withholding, to fund public services and programs. Ultimately, "levying" a tax refers to both the assessment and the collection of that tax.