Definition of tax abatement
: an amount by which a tax is reduced
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Word by Word Definitions
tax
play
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: a charge usually of money imposed by authority on persons or property for public purposes
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: a sum levied on members of an organization to defray expenses
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: a heavy demand
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: to levy a tax on
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: to make onerous and rigorous demands on
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: charge, accuse
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: arrangement
See the full definition of tax
abatement
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: the act or process of reducing or otherwise abating something : the state of being abated
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: an amount abated
See the full definition of abatement
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