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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Data centers like Stargate have so far been welcomed to rural Texas with compliant permitting and tax abatement packages. Christopher Helman, Forbes.com, 2 July 2025 Rental properties are not eligible and homes under $240,000 shall be eligible for tax abatement. Celia Fernandez, CNBC, 22 June 2025 The stainless-steel appliances and kitchen finishes have held up well, and the taxes, at $381 a month, are low for now (there’s a tax abatement that expires next year). Kim Velsey, Curbed, 3 June 2025 The city of Fort Worth is considering a 10-year tax abatement for the project, the terms of which could vary depending on if both facilities are built. Kate Marijolovic, Fort Worth Star-Telegram, 17 June 2025 The monthly maintenance is just $324 a month (although the listing doesn’t mention it, this likely means the building has a tax abatement that will someday expire). Kim Velsey, Curbed, 29 Apr. 2025 The council anticipates voting on the tax abatement at its first meeting in May. Don Stacom, Hartford Courant, 18 Apr. 2025 The tax abatement agreement is a straight 10-year phase-in, with the first three years abated at 100% and increased each year after that until the full amount is paid at year 10. Michelle L. Quinn, Chicago Tribune, 19 Jan. 2025 Senate Bill 1754 would restrict property tax incentives for renewable energy facilities, and Senate Bill 878 would require municipalities to hold a public hearing before giving grants or loans to any entity in conjunction with a tax abatement. Matthew Adams, Fort Worth Star-Telegram, 19 Mar. 2025

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“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 15 Jul. 2025.

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