We tested but mainly to get into a local enrichment weekend program. For around 100-200$, they performed KBIT and KTEA. I was quite surprised when she ended up at the 99.8 percentile and average of 2 years ahead. Even if it was not completely accurate, it was directionally correct and did influence our decision to move to a better school district. When she got into school, I pretty much let the school identify her themselves, and they figured out she was different within the first 2 weeks of kindergarten.
Now, our son is only 2 and not sure yet whether or not we would test him when he gets to 4-5. We are already in a good school district where his sister's capabilities are well known...it will probably depend on if he needs the enrichment like his sister needed.