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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Stargate, Abilene and Taylor County agreed to a generous tax abatement package, abating 85% of property taxes for the next 10 years. Elizabeth Campbell, Fort Worth Star-Telegram, 20 Feb. 2026 Two Carmel developers plan to demolish an aging office park in Nora to build a 250-unit market-rate apartment complex — and the project will move forward with a tax abatement worth more than $7 million over 10 years. Alysa Guffey, IndyStar, 5 Feb. 2026 The company is requesting a 70% tax abatement rate over 10 years on its real and personal property investments. Kelsey Brown, San Antonio Express-News, 14 Jan. 2026 This year’s State of the State includes a pledge to overhaul the state’s decades-old J-51 tax abatement and incentive program, which helped expand the city’s rent stabilization system. Chris Sommerfeldt, New York Daily News, 13 Jan. 2026 Bedrock also received a $60 million city tax abatement for the project in 2022. The Detroit News, Chicago Tribune, 12 Jan. 2026 The monthlies are low for now — $622 — but the building’s J-51 tax abatement expires in 2026. Clio Chang, Curbed, 5 Jan. 2026 That year, Amazon broke ground on the first of the five data centers, a 200,000-square-foot facility with the energy demand equivalent of 30,000 homes and a 15-year tax abatement worth nearly $200 million. 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

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“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 27 Feb. 2026.

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