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 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 The council anticipates voting on the tax abatement at its first meeting in May. Don Stacom, Hartford Courant, 18 Apr. 2025 The tax abatement agreement is a straight 10-year phase-in, with the first three years abated at 100% and increased each year after that until the full amount is paid at year 10. Michelle L. Quinn, Chicago Tribune, 19 Jan. 2025 Senate Bill 1754 would restrict property tax incentives for renewable energy facilities, and Senate Bill 878 would require municipalities to hold a public hearing before giving grants or loans to any entity in conjunction with a tax abatement. Matthew Adams, Fort Worth Star-Telegram, 19 Mar. 2025 If approved by the council at an April 8 meeting, the city would offer ACS Group a 10-year tax abatement. Kate Marijolovic, Fort Worth Star-Telegram, 1 Apr. 2025 The petitioner hasn’t requested any financial incentives like a tax abatement, Jabo said at Tuesday’s Redevelopment Commission meeting before a County Council meeting. Doug Ross, Chicago Tribune, 26 Mar. 2025 That one governmental step doesn’t involve creating a single new program, subsidy, tax abatement, incentive, or large budget line item. Joshua Stein, Forbes, 19 Mar. 2025 This is related to a tax abatement agreement between the county and Glencoe Hotel Group, entered into on Sept. 13, 2023. Janean Sorrell, Twin Cities, 6 Feb. 2025

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“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 15 May. 2025.

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