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]
  • China's Carbon Dioxide Emissions under the Urbanization Process: Influence Factors and Abatement Policies [J] – en.cnki.com.cn [PDF]
  • Marginal Abatement Cost and Environmental Tax Reform in China [J] – en.cnki.com.cn [PDF]
  • On pollution permits and abatement – www.sciencedirect.com [PDF]
  • Marginal carbon abatement cost in China – en.cnki.com.cn [PDF]
  • Energy-efficiency and the economics of pollution abatement – www.annualreviews.org [PDF]
  • Evaluation 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]