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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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 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 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 6 Feb. 2026.

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