Property Tax Abatement

Add to Report

Tax abatement on real and personal property improvements may be granted by all taxing entities in Kilgore except Kilgore Independent School District. The company must meet requirements associated with the value of capital improvements and either job creation or payroll increases maintained throughout the term of the agreement. The City of Kilgore will create a reinvestment zone and adopt a tax abatement agreement with primary employers according to the following two schedules.

Tax Abatement Schedule I
Capital Improvements and	Full-time Job Creation or	Payroll Increase
$1,000,000	25 or More	$625,000 Annually

Abatement Schedule
Year	Percentage
1-3	100%
4	75%
5	50%
6	25%

Tax Abatement Schedule II
Capital Improvements and	Full-time Job Creation or	Payroll Increase
$500,000	5-24	$250,000

Abatement Schedule
Year	Percentage
1-3	50%
4	37.5%
5	25%
6	12.5%

For a description of procedures click HERE.

Search form

Property Tax Abatement

logo_footer.png