tax abatement


Also found in: Dictionary, Financial, Wikipedia.

tax abatement

The reduction of real estate taxes on a property; usually accomplished by means of a reduction in its assessed value.
References in periodicals archive ?
Extending and expanding our senior citizen tax abatement program is a continuation of the City's commitment to providing resources and financial assistance to our seniors," said Mayor Walsh.
United States : Mayor Walsh Announces Extension and Expansion of Senior Citizen Property Tax Work-Off Abatement
77, a tax abatement possesses three essential characteristics:
GASB issues final standard on tax abatement disclosure
77, Tax Abatement Disclosures, requires governments to disclose information about their own tax abatements separately from information about tax abatements that are entered into by other governments and reduce the reporting government's tax revenues.
Government requirement to disclose information on tax abatements
The company has requested a tax abatement to build a 100,000-square-foot data centre at its Milford Proving Ground campus, where engineers conduct secretive work on future GM products.
-General Motors to build data centre in Milford Township
The Bloomberg administration is ramping up its opposition to a GOP-sponsored Senate bill that would cap property taxes for apartment building owners whose tax abatements are about to expire, calling it "a large tax break dressed up as housing policy," the Daily News reported.
Bloomberg not a fan of GOP's proposed 30-year tax cap for landlords
The idea of property tax abatement for certain military service members originates from the town of Braintree, where, in 2008, the town filed a home rule petition to implement the so-called "Citizen Soldier Act," extending benefits of a property tax abatement of up to 100 percent of the total tax assessed for members of the Massachusetts National Guard and to reservists on active duty in foreign countries.
Many joined to support soldiers
After a brief public hearing, the council voted to delay the decision until it decides whether to change its tax abatement guidelines, The Romulus Roman reported Thursday in an article by Molly Tippen.
No Tax Abatement Yet for Detroit JOA Facility
To entice DaimlerChrysler to remain in Toledo and construct a new vehicle-assembly plant near its existing facility, the state granted it approximately $280 million in tax abatements and credits.
State tax incentives after Cuno
DaimlerChrysler also would have received a 10-year, 100% property tax abatement based on its commitment to create and preserve existing jobs.
Ohio investment tax credit struck down
Thus, if a business receives a property tax abatement or other reduction in its property tax liability, the business will actually receive the benefits that the government has promised.
Real and personal property tax incentives: the often-overlooked tax benefits
Nine months later, "by a fluke," the realtor found an old building in Silicon Alley that was being renovated under Mayor Rudolph Giuliani's tax abatement program.
Room for growth in the Big Apple
The campaign pledged Gateway would seek "no tax abatement.
If you build it, we will stay: baseball holds a city hostage
Encyclopedia browser ?
Full browser ?