tax abatement

noun

: an amount by which a tax is reduced

Examples of tax abatement in a Sentence

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One new development received a tax abatement worth more than $7 million. John Emmanuel, Hartford Courant, 14 July 2025 Federal historic tax credits and a $4.2 million 10-year tax abatement from the city further cemented the project as a financial fit for Holladay. Alysa Guffey, IndyStar, 2 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 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

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“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 21 Jul. 2025.

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