Hospital gardener Myles Bancroft lost the plot near his home when he racked up several fines.
A passer-by filmed Bancroft, 38, as he came out of the property swinging the weapon.
Prosecutor Larissa Milligan told Dundee Sheriff Court: "It was a single head axe with a long wooden handle.
"He was swinging it at his side and was then observed to continually strike a parking meter with the axe, causing damage to it."
Bancroft, of the city's Perth Road, admitted wilfully or recklessly destroying or damaging property by striking a parking meter with an axe.
He also pled guilty to having an offensive weapon in Mill Wynd Car park last September.
His lawyer John Boyle said: "He had received a number of parking tickets that week because he had been drinking in the house and had not tended to the parking meter." Sheriff Tim Niven-Smith deferred sentence.

Parking meter smashed by ticket rage motorist

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{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.