Real estate tax breaks refer to financial incentives or exemptions granted by governments to encourage investment and development in certain areas, such as low-income neighborhoods. These tax breaks can take various forms, including abatements (reductions) of property taxes for a set period of time, partial exemption from property taxes, or tax credits for improvements made to the property. The goal is to stimulate economic growth and encourage investment in real estate projects that may not otherwise be financially viable due to high tax burdens.