tax abatement

noun

: an amount by which a tax is reduced

Examples of tax abatement in a Sentence

Recent Examples on the Web
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The monthlies are low for now — $622 — but the building’s J-51 tax abatement expires in 2026. Clio Chang, Curbed, 5 Jan. 2026 The program provides a 75% tax abatement for 29 years as an incentive to developers to convert vacant office space into residential units, including student and workforce housing. Gayla Cawley, Boston Herald, 13 Dec. 2025 The tax abatement rules would allow the county, the Port of Morrow, and the city of Boardman to trade tax abatements worth between $1 and $2 billion to the tech giant over the next 15 years. Sean Patrick Cooper, Rolling Stone, 24 Nov. 2025 Under its initial tax abatement agreement, Samsung was exempted from certain city, county and sales taxes while paying a use tax directed to Taylor and Williamson County. Karoline Leonard, Austin American Statesman, 17 Nov. 2025 This included a 15-year tax abatement and greater flexibility in bureaucratic procedures. Riley Robinson, Christian Science Monitor, 7 Nov. 2025 The agreement meant their investment group received a 100% tax abatement from 2019 to 2029 and a 50% reduction from 2030 through 2044. David Hudnall, Kansas City Star, 23 Oct. 2025 Under the incentive, Google would receive a 50% tax abatement, with a commitment to pay at least $1 million a year. Alysa Guffey, IndyStar, 21 Aug. 2025 Incentive programs using tax abatement to create rent restricted, multifamily housing, ought to include some room for negotiating rates of abatement and inclusion. Roger Valdez, Forbes.com, 5 Aug. 2025

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“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 17 Jan. 2026.

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