abatement

noun

abate·ment | \ə-ˈbāt-mənt

Definition of abatement

1 : the act or process of reducing or otherwise abating something abatement of pollution : the state of being abated a storm continuing without abatement [=without weakening]

2 : an amount abated especially : a deduction from the full amount of a tax … devised tax credits, refunds, and abatements to benefit private corporations … — William Greider

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Examples of abatement in a Sentence

Recent Examples on the Web

McManus joined the discussion following questions about Milwaukee's federal grants from the U.S. Department of Housing and Urban Development for its lead abatement work. — Daniel Bice, Milwaukee Journal Sentinel, "Milwaukee consistently failed to protect lead-poisoned children in homes with paint risks," 3 July 2018 Authorities have logged two recent violations tied to the property, and an abatement plan is now required. — OregonLive.com, "$30,000 loan by state of Oregon keeps flophouse open," 13 June 2018 The company, which makes helicopters, is still receiving money from a 20-year, $13.5 million tax abatement the council approved in 2011 for a $235 million expansion. — Sandra Baker, star-telegram, "Bell plans expansion, factory and possibly 400 new jobs in Fort Worth | Fort Worth Star-Telegram," 30 Apr. 2018 With a 25-year abatement, the Kansas City School District would receive $2.7 million in taxes from Three Light. — Bill Turque, kansascity, "In tough debate, council OKs paying for Three Light garage, gets affordable housing | The Kansas City Star," 22 Mar. 2018 There is also a 10-year tax abatement in place as a Community Reinvestment Area. — Thomas Jewell, cleveland.com, "Decommissioned Shaker Heights fire truck loaned to museum across from Progressive Field," 28 Oct. 2017 Mike Culbertson, chief operating officer with the Corpus Christi Regional Economic Development Corporation told commissioners that while the tax abatements are active the project will still pay $6.3 million in taxes to the county. — Rye Druzin, Houston Chronicle, "$550 million Texas natural gas project gets tax abatements from Nueces County," 13 July 2018 Philly is considering doing away with the 10-year property-tax abatement on new construction. — Aubrey Nagle, Philly.com, "Protesters rally in Rittenhouse Square, Senior Week puts the 'wild' in Wildwood | Morning Newsletter," 20 June 2018 Finally, mosquito abatement districts spray the air as a last line of defense against adult mosquitoes. — Vikki Ortiz, chicagotribune.com, "Chicagoland mosquito fighters struggle to keep up with this summer's surge of blood suckers," 11 July 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'abatement.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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tax abatement

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Last Updated

12 Oct 2018

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Time Traveler for abatement

The first known use of abatement was in the 15th century

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More Definitions for abatement

abatement

noun

Financial Definition of abatement

What It Is

An abatement is a reduction in a tax rate or tax liability.

How It Works

Property taxes are a common subject of abatement (though the term is often used when discussing overdue debt). For example, John Doe owns a house and owes $4,000 in property taxes for the year. John's house is very old, and he is able to have it added to the National Register of Historic Places because Thomas Jefferson once slept there. As a result, the county gives him an abatement, reducing his taxes to only $500.

Why It Matters

Municipalities often grant abatements to incent people to do certain things with property: take action to revitalize a struggling neighborhood, restore a historic place, operate a business or nonprofit organization, or conduct another activity that improves the community as a whole.

Source: Investing Answers

abatement

noun

abate·ment | \ə-ˈbāt-mənt

Legal Definition of abatement

1 : the act or process of abating or the state of being abated challenged the abatement of her bequest abatement of a private nuisance by self-help— W. L. Prosser and W. P. Keeton

2 : an amount abated : deduction especially : a deduction from the full amount of a tax

in abatement

: subject to termination because of a formal or procedural defect there shall be no reversal in the Supreme Court…for error in ruling upon matters in abatement — U.S. Code