tax abatement
Definition of tax abatement
: an amount by which a tax is reduced
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Word by Word Definitions
taxplay
: 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
: to levy a tax on
: to make onerous and rigorous demands on
: charge, accuse
See the full definition of tax
abatementplay
: 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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