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 maintenance isn’t bad at $1,094 a month, although that could very well change with the building’s J-51 tax abatement expiring this year, per the listing. Matthew Sedacca, Curbed, 18 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 The announcement comes roughly two months after the Fort Worth City Council approved a 10-year tax abatement for the project. Harrison Mantas, Fort Worth Star-Telegram, 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 One new development received a tax abatement worth more than $7 million. John Emmanuel, Hartford Courant, 14 July 2025 In some cases, this migration was helped along by local governments or development authorities through incentives, Schilling said, like tax abatement or industrial development bonds. Connor Giffin, The Courier-Journal, 2 July 2025

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“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 26 Oct. 2025.

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