What is a property tax abatement?

An abatement is a reduction in your property's assessment that you can apply for if you believe that assessment does not accurately reflect the property's market value.

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1. What is a property tax abatement?
2. What grounds may I have to get my assessment abated?
3. How does the application process work?
4. How should I prepare my abatement application?
5. What happens after I submit my application?
6. What if I don't agree with the Board's decision?