By Joshua Burd
An Atlantic City casino and a well-known North Jersey mall are among the nation’s top 100 property taxpayers.
That’s according to a recent analysis by Yardi Matrix, a commercial real estate research and data platform, which identified the Borgata Hotel Casino & Spa and The Mall at Short Hills as No. 58 and 85, respectively. The firm found the gaming hall paid more than $20.4 million in 2017 taxes, while the luxury mall in Essex County paid nearly $17.3 million.
Not counting New York properties, the properties were No. 8 and No. 19, respectively, the analysis found. The report also noted that the Borgata, which is owned by MGM International, dropped 10 positions after having about 11 percent or $2.6 million shaved off its 2017 tax bill.
Owned by Taubman Centers, The Mall at Short Hills was one of eight new additions to Yardi’s list this year. The overall ranking was topped by the Northport Power Station in Fort Salonga, New York, and its $82.1 million property tax bill.
New York State properties represented the top 20 on the list and 27 of the top 30, including well-known sites such as the General Motors building, Stuyvesant Town and the Metlife Building above Grand Central Terminal.