People have already answered the intent of your question, but...
Is there a quicker way to do this in Python?
What do you mean by quicker?
I think your real question should be "what is the pythonic way to do this?"
level1, level2, level3 = {}
From the Python documentation:
Tuples are constructed by the comma operator (not within square brackets), with or without enclosing parentheses, but an empty tuple must have the enclosing parentheses, such as a, b, c or (). A single item tuple must have a trailing comma, such as (d,).
a, b, c is implicitly (a, b, c). That's why you need to have a 3-tuple on the right side as suggested by other posters (nils, sdolan, gunner).
Shown explicitly they are suggesting this:
(level1, level2, level3) = ({}, {}, {},)
level1 = level2 = level3 = {}does not create any copies of the dict.level1 = level2 = level3 = {}is in fact not creating copies. If it created a copy the behavior would be exactly what you want. Instead it is assigning all 3 to the same object, not copies of the object.