Tax Abatement

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.  Primary employers may qualify for a “Schedule I” or "Schedule II" abatement as shown below, or the equivalent.  Other abatement schedules may be negotiated depending on the economic impact of a project.

All jobs created must be full-time jobs within the City limits of Kilgore, Texas.

TAX ABATEMENT REQUIREMENTS:

Tax Abatement Schedule I

• Capital Improvements - Minimum of $1,000,000

• Full-time Job Creation - 25 or More OR 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 - Minimum of $500,000

• Full-time Job Creation - 5-24 OR Payroll Increase - $250,000 Annually

Abatement Schedule

• 1-3 Years: 50%

• 4 Years: 37.5%

• 5 Years: 25%

• 6 Years: 12.5%