What is taxes?

Taxes: The taxes are property taxes your community levies based on a percentage of the value of your home. The tax is generally used to help finance the cost of running your community, say to build schools, roads, infrastructure and other needs. You must pay property taxes even if you don't need an escrow account and even after your mortgage is paid off.

What is this term mean?

Levy: an amount of money, such as a tax, that you have to pay to a government or organization