The need for an improvement levy
- Buying an apartment in Israel
- Improvement Levy
The need to pay an improvement levy stem from the need for a financial source of the local authority to develop the land which is within its area.
Funds collected from the improvement levy are intended for the preparation of construction and development plans for the land, the purchase of land for public purposes, and more.
There is no direct connection between the payment of the improvement levy and the development of the real estate environment for which the payment was made.
A local authority can charge a fee for an improvement levy at one end of the city and develop real estate at the other end of the city.