tax abatement

noun

: an amount by which a tax is reduced

Examples of tax abatement in a Sentence

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Fort Worth is offering the company a 10-year tax abatement on 65% of city taxes on real and business personal property. — Emily Holshouser, Fort Worth Star-Telegram, 27 Oct. 2026 In lieu of a tax abatement, Hobart initially received $47 million from Amazon, with $10 million more arriving in September. — Jim Masters, Chicago Tribune, 27 Oct. 2026 Lombardo criticized Ford for co-sponsoring 2015 legislation that created the state’s tax abatement program for the facilities, a measure that received bipartisan support. — Jessica Hill, Los Angeles Times, 14 Oct. 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 See All Example Sentences for tax abatement

Rhymes for tax abatement

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Browse Nearby Words

taxa
tax abatement
taxability
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Cite this Entry

“Tax abatement.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/tax%20abatement. Accessed 31 Oct. 2026.

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