Texas TX Kermit Independent School District School district 2019 Value Limitation Agreement General Economic Development Texas Economic Development Act (Tax Code 313) Kermit Independent School District Property Tax Reduction of Taxable Property Value; Payment In Lieu of Taxes (PILOT) (not specified) $1,066,033 $506,825 $559,208 Gross revenue loss noted here is the sum of forgone tax revenue and Tax Credits. CAFR does not disclose the amount of state funding that is to be provided. Agreement made in 2008. 13519 1