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 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 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 The Wu administration in the summer of 2023 announced that the initiative would offer a 75%, 29-year tax abatement to building owners who jumped at the chance to convert. Lance Reynolds, Boston Herald, 4 June 2025

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“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 11 Nov. 2025.

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