tax abatement

noun

: an amount by which a tax is reduced

Examples of tax abatement in a Sentence

Recent Examples on the Web

Hobart Mayor Josh Huddelston explained that the city negotiated a plan for direct payments, thus granting Amazon a 35-year tax abatement on personal property (equipment on site) and a 10-year abatement on real property (buildings). — Jim Masters, Chicago Tribune, 27 Sep. 2026

Trump paid a rock-bottom ten million dollars to acquire the rights to lease the property, and he was given an extraordinary forty-year tax abatement, saving him approximately four million dollars a year in property taxes. — Kai Bird, New Yorker, 3 Aug. 2026

The development would be built on 485 to 940 acres in the southeast corner of Jack County near the intersection of FM 2210 and Texas 199, near the border with Wise County, according to the tax abatement application. — Emily Holshouser, Fort Worth Star-Telegram, 8 June 2026

The per-unit tax abatement program spurs the production of affordable housing without direct public subsidy. — Jeffrey Steele, Forbes.com, 26 May 2026

Rhymes for tax abatement

• affreightment
• misstatement
• restatement
• overstatement
• reinstatement
• understatement
• statement