0 Perspective on the Boston Real Estate Tax Increase

Boston office building

Credit: Bostinno.Streetwise.co

What are your taxes going up to in Boston?  200 Clarendon Street, The John Hancock Tower, takes the prize with the largest bill at $20,204,640 or $11.51 per square foot.  The building last traded 4 years ago for $930,000,000.

To provide some perspective (or piece of mind) on the impending tax hike, Bostinno.streetwise.co posted stats on six notable Boston buildings:

Highest Gross Tax

• Address: John Hancock Tower, 200 Clarendon St.
• Gross tax: $20,204,640
• Land assessed value: $111,925,200
• Building assessed value: $536,074,800
• Total: $648,000,000
• Land sf.: 73,143
• Year built: 1976
• Year remodeled: 2012
• Gross area: 2,082,040
• Floors: 62
• Owner: BP Hancock LLC
• Zip code: 02116

Highest Assessed Land Value
• Address: Prudential Center Plaza, 700-800 Boylston Street
• Assessed land value: $326,341,400
• Assessed building value: $297,668,900
• Assessed total: $401,987,500
• Gross Tax: $12,533,970
• Land sf: 823,346
• Year built: 1961
• Year remodeled: 1989
• Gross area: 1,234,697
• Floors: 50
• Owner: BP Pru Center Acquisitions
• Zip code: 02199

Highest Assessed Building Value

• Address: Massachusetts General Hospital, 255-265 Charles Street
• Assessed building value: $1,261,704,100
• Assessed land value: $173,454,800
• Assessed total: $1,435,158,900
• Gross tax: $0
• 
Land sf: 449,831
• Year built: 1984
• Year remodeled: 2000
• Gross area: 136,682
• Number floors: 12
• Owner: General Hospital Corp.
• Zip code: 02114

Highest Assessed Total Value

• Address: Massachusetts General Hospital, 255-265 Charles Street
• Assessed total value: $1,435,158,900
• Assessed building value: $1,261,704,100
• Assessed land value: $173,454,800
• Gross tax: $0
• Land sf.: 449,831
• Year built: 1984
• Year remodeled: 2000
• Gross area: 136,682
• Floors: 12
• 
Owner: General Hospital Corp
• Zip code: 02114

Largest Land Square Footage

• Address: Logan International Airport, 1 Harborside Drive
• Land sf.: 101,596,835
• Assessed total value: $581,199,500
• Assessed building value: $297,668,900
• Assessed land value: $283,530,600
• Gross tax: $0
• Year built: 1960
• Gross area: 39,940
• Owner: Mass Port Authority
• 
Zip: 02128

Highest Assessed Total Value of Building Built in 1850
• 
Address: 12 Louisburg Square, Beacon Hill
• Assessed total value: $7,030,945
• Assessed building value: $4,417,365
• Assessed land value: $2,613,580
• Gross tax: $88,449
• Land sf.: 2,257
• Year built: 1850
• Year remodeled: 2012
• Owner: Sue B. Schenck
• Zip Code: 02108

Highest Assessed Total Value of Building Built in 2012
• 
Address: Fan Pier, 50 Northern Avenue
• 
Assessed total value: $153,575,000
• Assessed building value: $128,191,800
• Assessed land value: $25,383,200
• 
Gross tax: $4,788,468
• Land sf.: 58,449
• 
Gross area: 553,238
• Floors: 20
• Owner: 50 Northern Ave LLC
• 
Zip code: 02210

 

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