Can any one help me out ??
whats Difference Between Exemption, Abatement , & Rebate ??
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Whats difference between exemption,abatement, & rebate ??
Replies (1)
A tax rebate is when too many taxes have been paid and you get a refund, or money back to you. Much like a rebate when you purchase an item and the company sends you money back.
A tax abatement is a reduction in taxes or exemption from paying taxes for a piece of property for a specified length of time. Much like when something is on sale, you pay less up front.
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