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Tax Abatement

 
Business Dictionary: Tax Abatement

Reprieve from a tax obligation. Tax abatements vary from partial to complete, according to how much of the tax is forgiven. Tax abatements are often given by governments as an incentive for real estate or industrial development.

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Architecture: tax abatement
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The reduction of real estate taxes on a property; usually accomplished by means of a reduction in its assessed value.


 
 

 

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Business Dictionary. Dictionary of Business Terms. Copyright © 2000 by Barron's Educational Series, Inc. All rights reserved.  Read more
Architecture. McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc. All rights reserved.  Read more