Definition
The improvement levy is a payment at the rate of 50% of the increase in the value of the land caused by the approval of a city building plan (TBA).
when do you pay
The levy is required when exercising rights: selling the property, obtaining a building permit, or extraordinary use.
Important Note: The information on this website is for general informational purposes only and does not constitute professional tax advice. Consult a qualified tax advisor before making financial decisions.