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Business Definition for: tax abatement
tax abatement
reduction in ad valorem real estate taxes granted by a municipality or local taxing authority resulting from an easement, exercise of eminent domain by the taxing authority, natural disaster, or other reasons.
tax abatement
See also
abatement
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.
Copyright c 2006, 2000, 1997, 1993, 1990 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
