tax abatement

noun

An incentive issued by a government which will reduce or eliminate taxes on real estate in a specific area.

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Meanings

nountax abatement (plural tax abatements)

plural tax abatements

  1. USbusinessAn incentive issued by a government which will reduce or eliminate taxes on real estate in a specific area.
Cite this entry
APA

tax abatement. (n.d.). In WatkinsX Dictionary. Retrieved November 5, 2026, from https://dictionary.watkinsx.com/word/tax%20abatement

MLA

“tax abatement.” WatkinsX Dictionary, https://dictionary.watkinsx.com/word/tax%20abatement. Accessed November 5, 2026.

Chicago

WatkinsX Dictionary, s.v. “tax abatement,” accessed November 5, 2026, https://dictionary.watkinsx.com/word/tax%20abatement.

Source: tax abatement on Wiktionary, CC BY-SA 4.0.