Local Incentive

Tax Abatement

Summary

Qualifying businesses considering a location in Kilgore have the opportunity to apply for a property tax abatement on new value created as a result of the project. 

Tax abatement on real and personal property improvements may be granted by all taxing entities in Kilgore except Kilgore Independent School District. Taxing entities may adopt a tax abatement agreement with companies according to the levels of investment and job creation.  Your company may qualify for a “Schedule I” or "Schedule II" abatement as shown below, or the equivalent.  More generous abatements may be granted depending on the economic impact of the project.

Tax Abatement Requirements:

Tax Abatement Schedule I

  • Capital Improvements - $1,000,000

  • Full-time Job Creation - 25 or More

  • Payroll Increase - $625,000 Annually

Abatement Schedule

  • 1-3 Years: 100%

  • 4 Years: 75%

  • 5 Years: 50%

  • 6 Years: 25%

Tax Abatement Schedule II

  • Capital Improvements - $500,000

  • Full-time Job Creation - 5-24

  • Payroll Increase - $250,000

Abatement Schedule

  • 1-3 Years: 50%

  • 4 Years: 37.5%

  • 5 Years: 25%

  • 6 Years: 12.5%