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what is abatement of property

1Answers

AliceFitz

11/28/2025, 06:41:09 AM

Property abatement can mean reducing a property’s assessed value or issuing a legal order to address harmful conditions. It may lower a tax bill if the assessment is too high, or require fixing hazards or stopping non-compliant activities like public nuisances. Tax abatements may also be offered as incentives for developers or homeowners in certain areas.

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