tax abatement

Definition of tax abatement

  1. :  an amount by which a tax is reduced

Word by Word Definitions

  1. :  a charge usually of money imposed by authority on persons or property for public purposes

    :  a sum levied on members of an organization to defray expenses

    :  a heavy demand

  1. :  to levy a tax on

    :  to make onerous and rigorous demands on

    :  charge, accuse

abatementplay
  1. :  the act or process of reducing or otherwise abating something :  the state of being abated

    :  an amount abated

    :  a deduction from the full amount of a tax


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