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One
way for boards of education to protect their bottom lines is to carefully
monitor taxpayer challenges to property valuations. Legal attention
to proceedings at a county board of revision or the State Board of
Tax Appeals can help preserve a school district's tax base. Similarly,
various tax abatement laws provide boards of education with advance
notice of abatement agreements which may reduce tax revenue, and allow
for the negotiation of agreements for payments in lieu of taxes.
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