BROWSE

Abatement

What is 'Abatement'

Abatement is a reduction in the level of taxation faced by an individual or company. Examples of an abatement include a tax decrease, a reduction in penalties or a rebate. If an individual or business overpays its taxes or receives a tax bill that is too high, it can request an abatement from the tax authorities.

Explaining 'Abatement'

A common type of tax abatement is property tax abatement. Individuals who believe that the assessed value of their property is too high, can appeal to their local tax assessor for a tax abatement. Some localities offer property tax abatement to owners who restore, or improve, historic properties located in designated neighborhoods. Some types of properties, such as those containing non-profit businesses, will be granted tax abatements based on the owner's tax-exempt status.


Further Reading


Marginal abatement cost curves: a call for caution
www.tandfonline.com [PDF]
McKinsey & Company created Version 2.0 of its global greenhouse gas abatement cost curve in 2008–during a period of steady economic growth–and published its findings in January 2009. 2 Since then, the global economic environment has undergone dramatic …

China's Carbon Dioxide Emissions under the Urbanization Process: Influence Factors and Abatement Policies <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-JJYJ201008005.htm' />China's Carbon Dioxide Emissions under the Urbanization Process: Influence Factors and Abatement Policies [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-JJYJ201008005.htm'>PDF]
McKinsey & Company created Version 2.0 of its global greenhouse gas abatement cost curve in 2008–during a period of steady economic growth–and published its findings in January 2009. 2 Since then, the global economic environment has undergone dramatic …

Marginal Abatement Cost and Environmental Tax Reform in China <span style=[J]' src='/thumbnails/?img=http%3A%2F%2Fen.cnki.com.cn%2FArticle_en%2FCJFDTotal-ZSHK201103006.htm' />Marginal Abatement Cost and Environmental Tax Reform in China [J]
en.cnki.com.cn [[J]' href='https:/api.miniature.io/pdf?url=en.cnki.com.cn%2FArticle_en%2FCJFDTotal-ZSHK201103006.htm'>PDF]
McKinsey & Company created Version 2.0 of its global greenhouse gas abatement cost curve in 2008–during a period of steady economic growth–and published its findings in January 2009. 2 Since then, the global economic environment has undergone dramatic …

On pollution permits and abatementOn pollution permits and abatement
www.sciencedirect.com [PDF]
McKinsey & Company created Version 2.0 of its global greenhouse gas abatement cost curve in 2008–during a period of steady economic growth–and published its findings in January 2009. 2 Since then, the global economic environment has undergone dramatic …

Marginal carbon abatement cost in ChinaMarginal carbon abatement cost in China
en.cnki.com.cn [PDF]
McKinsey & Company created Version 2.0 of its global greenhouse gas abatement cost curve in 2008–during a period of steady economic growth–and published its findings in January 2009. 2 Since then, the global economic environment has undergone dramatic …

Energy-efficiency and the economics of pollution abatementEnergy-efficiency and the economics of pollution abatement
www.annualreviews.org [PDF]
McKinsey & Company created Version 2.0 of its global greenhouse gas abatement cost curve in 2008–during a period of steady economic growth–and published its findings in January 2009. 2 Since then, the global economic environment has undergone dramatic …

Evaluation of carbon emission performance and estimation of marginal CO2 abatement costs for provinces of China: a non-parametric distance function approachEvaluation of carbon emission performance and estimation of marginal CO2 abatement costs for provinces of China: a non-parametric distance function approach
en.cnki.com.cn [PDF]
McKinsey & Company created Version 2.0 of its global greenhouse gas abatement cost curve in 2008–during a period of steady economic growth–and published its findings in January 2009. 2 Since then, the global economic environment has undergone dramatic …



Q&A About Abatement


What is an abatement?

An abatement is a reduction in the level of taxation faced by an individual or company.

Can you give some examples of property tax abatements?

Yes, property owners can appeal to their local tax assessor for a tax abatement if they believe that the assessed value of their property is too high.

What are examples of an abatement?

Examples include a tax decrease, a reduction in penalties or a rebate.

Are there any types of properties that will be granted tax abatements based on owner's status?

Yes, certain types of properties containing non-profit businesses will be granted tax abatements based on the owner's tax-exempt status.