{"id":42189,"date":"2023-05-02T15:06:44","date_gmt":"2023-05-02T12:06:44","guid":{"rendered":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/?p=42189"},"modified":"2025-11-06T13:28:57","modified_gmt":"2025-11-06T11:28:57","slug":"highest-office-property-taxes","status":"publish","type":"post","link":"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/highest-office-property-taxes-2022\/","title":{"rendered":"GM Building Continues to Top List of U.S. Properties with Highest Taxes"},"content":{"rendered":"\n<p>Following up on our long-running series highlighting the buildings with the highest property taxes across the U.S.,\n    we\u2019ve drawn from PropertyShark and CommercialEdge data, along with public records, to compile an up-to-date list of\n    the office assets with the most substantial tax bills.<\/p>\n\n\n\n<p>As expected, the presence of New York City office properties was once again overwhelming with 82 out of 100 entries\n    located in and around Manhattan. Specifically, in 2022, these assets generated roughly $2.2 billion in property tax\n    revenue, accounting for 84% of the total contributed by all 100 properties in the ranking.<\/p>\n\n\n\n<p>Chicago was the runner-up in terms of the number of entries in the nationwide ranking, with 15 office properties from\n    this region garnering $344 million in total property taxes. More important, as we looked at the highest tax-paying\n    office buildings outside of New York City, the Windy City made up the bulk of that list: No fewer than 17 of the top\n    20 entries were from Chicago, while San Francisco and Washington, D.C. only managed to get three properties in the\n    ranking.<\/p>\n\n\n\n<p>Keep reading to learn more about the full list of U.S. office properties with the highest taxes, as well as which\n    buildings outside of New York City paid the most in 2022.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"GM_Building_Pays_Nearly_80_Million_in_Property_Taxes_at_1_Willis_Tower_Only_Top-10_Entry_Outside_NYC\"><\/span>GM Building Pays Nearly $80 Million in Property Taxes at #1; Willis Tower Only Top-10 Entry\n    Outside NYC<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>At the very top, the ranking has shown a lot of consistency throughout the years, with the leading spot being claimed\n    once again by the 1.9-million-square-foot General Motors Building. The&nbsp;<a href=\"https:\/\/www.propertyshark.com\/cre\/office\/us\/ny\/manhattan\/midtown-manhattan\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Midtown office space<\/strong><\/a>&nbsp;\u2014 which has been owned by Boston\n    Properties for more than a decade now \u2014 paid roughly $79.7 million in property taxes in 2022. That\u2019s approximately\n    $14 million more than the runner-up, the MetLife Building (at $65 million).<\/p>\n\n\n<div class=\"infogram-embed\" data-id=\"a7e53392-607b-46fb-8368-71fd123fc828\" data-type=\"interactive\"\n    data-title=\"2022 Top 100 Office Property Taxes in the U.S.\"><\/div>\n<p>\n    <script>!function (e, i, n, s) { var t = \"InfogramEmbeds\", d = e.getElementsByTagName(\"script\")[0]; if (window[t] && window[t].initialized) window[t].process && window[t].process(); else if (!e.getElementById(n)) { var o = e.createElement(\"script\"); o.async = 1, o.id = n, o.src = \"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\", d.parentNode.insertBefore(o, d) } }(document, 0, \"infogram-async\");<\/script>\n<\/p>\n\n\n<p>However, further down the list, there\u2019s been some significant movement between some of the familiar names from last\n    years. For instance, Google-owned 111 Eighth Ave. \u2014 which was previously featured in our ranking in seventh place \u2014\n    climbed all the way up to third place with a property tax tally of $54.1 million in 2022. The dramatic jump was the\n    result of an 11% property tax hike, which added some $5.4 million to the tech giant\u2019s payroll.<\/p>\n\n\n\n<p>By contrast, the Solow Building\u2019s property taxes \u2014 currently sitting at $49.8 million \u2014 have gone down by roughly $4\n    million. While that reduction might not sound like a lot, it translated into a five-place drop from fourth to ninth\n    place in the ranking.<\/p>\n\n\n\n<p>But, one of the most noteworthy shifts in the ranking was witnessed by 388 and 390 Greenwich St. The two buildings,\n    owned by Citigroup, have been undergoing a massive,&nbsp;<a href=\"http:\/\/www.tribecatrib.com\/content\/some-citigroup-workers-return-tribeca-hq-early-july\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>$5 billion renovation<\/strong><\/a>&nbsp;since 2018. As a result, this\n    led to a property tax increase from $31.6 million to $52.1 million as the work slowly wrapped up, thereby taking the\n    property from 27<sup>th<\/sup>&nbsp;place last year to sixth place this year.<\/p>\n\n\n\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"560\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-42197\" data-id=\"42197\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-1.png\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-1.png 1280w, 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https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-18.png?resize=300,131 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-18.png?resize=768,336 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"560\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-42215\" data-id=\"42215\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-19.png\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-19.png 1280w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-19.png?resize=300,131 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-19.png?resize=768,336 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"560\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-42216\" data-id=\"42216\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-20.png\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-20.png 1280w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-20.png?resize=300,131 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2022-20.png?resize=768,336 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n\n<p>Although Chicago\u2019s Willis Tower didn\u2019t make the top 10 last year, it sat comfortably in seventh place this year with\n    a property tax bill of $50.2 million. Notably, it was also the only entry from outside New York City among the 10\n    buildings with the highest property taxes in 2022.<\/p>\n\n\n\n<p>At the same time, the 1.75-million-square-foot One Vanderbilt was the only 21<sup>st<\/sup>-century entry among the 10\n    highest-ranking office buildings in terms of their property taxes. It owed a total of $50 million in property taxes\n    last year, landing in eighth place. Developed by SL Green in 2020 with&nbsp;<a href=\"https:\/\/www.nytimes.com\/2023\/02\/14\/climate\/green-skyscraper-one-vanderbilt.html\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>sustainability in mind<\/strong><\/a>, the 73-story skyscraper features\n    a self-contained power plant and is able to generate as much energy as six football fields of solar panels.&nbsp;\n<\/p>\n\n\n\n<p>Next, Paramount Plaza\u2019s spot on the list was overtaken by 1290 Avenue of the Americas. While both buildings saw their\n    tax bills decrease, 1290 Avenue of the Americas only shifted its position from #8 to #10, whereas the Paramount\n    Group\u2019s office tower at 1633 Broadway dropped out of the top 10 and landed in 17<sup>th<\/sup>&nbsp;place with $42.6\n    million in property taxes.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Chicago_Dominates_List_of_Buildings_Outside_NYC_with_Highest_Property_Taxes\"><\/span>Chicago Dominates List of Buildings Outside NYC with Highest Property Taxes<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Chicago demonstrated its dominance across the ranking of the top 20 most highly taxed office properties outside of\n    New York City. Namely, no fewer than 17 out of the 20 entries were office towers located in Chicago, with the Willis\n    Tower occupying the top spot ($50 million in property taxes). And, while eight more of the top 10 entries were from\n    Chicago, as well, the drop-off in terms of the overall taxes owed was steep.<\/p>\n\n\n<div class=\"infogram-embed\" data-id=\"73825999-6582-47cb-b0ed-1e4f7ee688f1\" data-type=\"interactive\"\n    data-title=\"2022 Top 20 Office Property Taxes Outside NYC\"><\/div>\n<p>\n    <script>!function (e, i, n, s) { var t = \"InfogramEmbeds\", d = e.getElementsByTagName(\"script\")[0]; if (window[t] && window[t].initialized) window[t].process && window[t].process(); else if (!e.getElementById(n)) { var o = e.createElement(\"script\"); o.async = 1, o.id = n, o.src = \"https:\/\/e.infogram.com\/js\/dist\/embed-loader-min.js\", d.parentNode.insertBefore(o, d) } }(document, 0, \"infogram-async\");<\/script>\n<\/p>\n\n\n<p>For instance, Tishman Speyer\u2019s CME Center in third place paid roughly $30.8 million in property taxes in 2022,\n    whereas the most recently completed&nbsp;<a href=\"https:\/\/www.propertyshark.com\/cre\/office\/us\/il\/chicago\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>Chicago office properties<\/strong><\/a>&nbsp;that made the top\n    20 (the 55-story tower at 110 N. Wacker Drive, completed in 2020) dished out $15.8 million in taxes.<\/p>\n\n\n\n<p>Meanwhile, One Prudential Plaza and Chase Tower were the oldest office properties from Chicago that made the list.\n    Located at 130 E. Randolph St., the development of One Prudential Plaza in 1955 marked a new wave of skyscraper\n    construction in Chicago following the hardships of the Great Depression and the economic strains of World War II.\n    The 41-story office tower (now rebranded as One Pru by leading real estate developer Sterling Bay) paid $27 million\n    in property taxes in 2022 to rank third within the list. Likewise, first opened in 1969 under the name of First\n    National Bank, the Chase Tower had a property tax bill of $14.8 million in 2022, making it the\n    17<sup>th<\/sup>-highest-taxed office building outside of New York City.<\/p>\n\n\n\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"560\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-42218\" data-id=\"42218\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-1.png\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-1.png 1280w, 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https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-9.png?resize=300,131 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-9.png?resize=768,336 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"560\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-42228\" data-id=\"42228\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-10.png\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-10.png 1280w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-10.png?resize=300,131 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-10.png?resize=768,336 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"560\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-42229\" data-id=\"42229\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-11.png\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-11.png 1280w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-11.png?resize=300,131 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-11.png?resize=768,336 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"560\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-42230\" data-id=\"42230\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-12.png\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-12.png 1280w, 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https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-15.png?resize=300,131 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-15.png?resize=768,336 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"560\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-42234\" data-id=\"42234\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-16.png\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-16.png 1280w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-16.png?resize=300,131 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-16.png?resize=768,336 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"560\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-42235\" data-id=\"42235\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-18.png\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-18.png 1280w, 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https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-19.png?resize=300,131 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-19.png?resize=768,336 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1280\" height=\"560\" alt=\"\" class=\"wp-block-jetpack-slideshow_image wp-image-42237\" data-id=\"42237\" src=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-20.png\" srcset=\"https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-20.png 1280w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-20.png?resize=300,131 300w, https:\/\/www.propertyshark.com\/Real-Estate-Reports\/wp-content\/uploads\/sites\/98\/2023\/04\/Top-Office-Taxes-in-2021-Outside-NYC-20.png?resize=768,336 768w\" sizes=\"(max-width: 1280px) 100vw, 1280px\" \/><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Salesforce_Tower_Remains_Highest-Taxed_Office_Property_on_West_Coast\"><\/span>Salesforce Tower Remains Highest-Taxed Office Property on West Coast<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Properties from California and Washington, D.C. somewhat broke up Chicago\u2019s overwhelming display in the top 20.<\/p>\n\n\n\n<p>In particular, the Salesforce Tower ranked second for property taxes paid in 2022 outside of New York City and\n    finished 24<sup>th<\/sup>&nbsp;in the overall ranking after forking over $31 million. Home to 1.4 million square feet\n    of prime&nbsp;<a href=\"https:\/\/www.propertyshark.com\/cre\/office\/us\/ca\/san-francisco\/\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>San Francisco office space<\/strong><\/a>, the building also boasted the highest\n    tax bill for a skyscraper in California: The next entry from the state \u2014 the 765,900-square-foot Park Tower at\n    Transbay \u2014 paid roughly half of that, coming in at #12 on the list.<\/p>\n\n\n\n<p>Finally, the Midtown Center in Washington, D.C. ranked 18<sup>th<\/sup> with $15.7 million in property taxes last\n    year. Designed by SHoP Architects and WDG Architecture and completed in 2018, the Carr Properties-owned asset is an\n    865,000-square-foot office building comprised of two towers bridged by three pedestrian bridges that extend 100 feet\n    across the plaza below.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Methodology\"><\/span>Methodology<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>This study is based on data collected from PropertyShark and\u00a0<strong>CommercialEdge<\/strong>, as well as proprietary research on office buildings with the highest property taxes. In an effort to ensure the accuracy of the data to the best of our ability, we verified tax values with the official websites of the respective assessors and tax treasurers.<\/p>\n\n\n\n<p>Properties with tax exemptions were excluded from the list, and tax rates presented reflect individual parcels.<\/p>\n\n\n\n<p>Cook County properties are taxed in biennial installments. For the purposes of this study, we used 2021 values, as it\n    constituted the most recent data available for this county.<\/p>\n\n\n\n<p><strong>Parcel Particulars<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Time Warner Center tax value is formed out a sum of 2 parcels:&nbsp; 1-01049-1002 &amp; 1-01049-1004<\/li>\n\n\n\n<li>399 Park Ave tax value is formed out a sum of 2 parcels:&nbsp; 1-01308-1101 &amp; 1-01308-1102<\/li>\n\n\n\n<li>Bloomberg Building tax value is formed out a sum of 3 parcels: 1-01313-1001 Thru 1-01313-1003<\/li>\n\n\n\n<li>CME Center tax value is formed out a sum of 3 parcels: 17-16-200-022-0000, 17-16-200-023-0000 &amp;\n        17-16-200-024-0000<\/li>\n\n\n\n<li>Leo Burnett Building tax value is formed out a sum of 3 parcels: 17-09-426-030-0000, 17-09-426-032-0000\n        &amp;&nbsp; 17-09-426-033-0000<\/li>\n\n\n\n<li>Citadel Center tax value is formed out of a sumt of 18 parcels: 17-16-213-026-0000 Thru 17-16-213-044-0000<\/li>\n\n\n\n<li>River Point tax value is formed out of a sumt of 4 parcels: 17-09-306-033-0000 Thru 17-09-306-037-0000<\/li>\n\n\n\n<li>900 North Michigan Avenue tax value is formed out of a sumt of 4 parcels: 17-03-211-024-0000,\n        17-03-211-025-0000, 17-03-211-034-0000 &amp; 17-03-211-035-0000<\/li>\n\n\n\n<li>155 North Wacker Drive tax value is formed out a sum of 2 parcels: 17-09-429-018-0000 &amp; 17-09-429-019-0000\n    <\/li>\n\n\n\n<li>One North Wacker tax value is formed out of a sum of 4 parcels: 17-09-454-001-0001 Thru 17-09-454-008-0000<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>We\u2019ve drawn on PropertyShark and CommercialEdge data, along with public record sources, to compile an up-to-date list of the office assets with the most substantial tax bills.<\/p>\n","protected":false},"author":56,"featured_media":42241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[11119],"tags":[494,11106,11171],"class_list":["post-42189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-commercial-real-estate","tag-commercial-real-estate","tag-new-york-commercial-real-estate","tag-old-study"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>U.S. Offices with Highest Property Taxes in 2022 | PropertyShark<\/title>\n<meta name=\"description\" content=\"We\u2019ve drawn on PropertyShark and CommercialEdge data to compile an up-to-date list of the office assets with the most substantial property tax bills.\" \/>\n<meta name=\"robots\" content=\"index, follow, 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