Manhattan is home to 82 of the top 100 office properties when it comes to highest tax bill last year, according to a new survey by PropertyShark and CommercialEdge data, based on public records.

These assets generated roughly $2.2 billion in property tax revenue, accounting for 84% of the total contributed by all 100 properties in the ranking. They were led by the 1.9-million-square-foot General Motors Building in Midtown owned by Boston Properties, which paid roughly $79.7 million in property taxes in 2022. That's approximately $14 million more than the runner-up, the MetLife Building, at $65 million, according to the report.

In terms of shifts within the list, Google-owned 111 Eighth Ave. — which was previously ranked seventh — climbed to third with a tally of $54.1 million.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.