tax abatements
Property levy discounts
Tax abatements are reductions or eliminations of taxes owed, typically granted by governments to encourage development or provide relief.
A city might offer tax abatements to attract businesses to a struggling neighborhood, or a homeowner might receive one for renovating a historic property.
The company received a ten-year tax abatement on the new factory.
- incentiveReward encouraging action
- exemptionRelease from requirement
- rebateReturned portion of payment
- reliefEasing of distress
- subsidyFinancial assistance from government
corporate welfare · deduction · enterprise zones · concession · write-off · waiver · deferral · subvention · credit · assessed value · moratorium · local government · forgiveness · economic incentives · development deal · government subsidies · state grants · property assessment
tax abatementstax increases
Raised government levies
tax hikes · tax levies · tax assessments · tax penalties · surtaxes
tax abatementstax penalties
Charges for tax violations
fines · sin taxes · tariffs · regulatory fees · excise taxes
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