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What Companies Have Tax Bills $10+ Million in Boston?

You'll recognize some businesses on the list, such as National Grid and NSTAR.

 

Can you name the company that has the highest tax bill in Boston for $83,628,890? Give up? The answer: Blackstone Real Estate Partners.

According to statistics provided by the City of Boston (see attached), the powerhouse real estate company had the highest tax bill for fiscal year 2012.

Boston Properties had the second highest tax bill - $67,577,332. But the tax bill comes with an asterisk - that the company purchased the Hancock Tower from Normandy Real Estate in Dec. 2010.

The Hancock Tower was reflected in Normandy’s real estate figure last year, as they were listed as the owner of record in the fiscal 2011 assessment, according to the attached memo. The Hancock Tower is in Boston Properties’ real estate figure. And this move lowered Normandy’s fiscal 2012 tax liability below $10 million.

Not to be confused with the tower - John Hancock Financial - had a tax bill of $12,629,054.

Utility company NSTAR - also known as Boston Edison Company - had a tax bill of $53,733,088, owing the third most to Boston. Fellow utility company, National Grid was eighth, with a tax bill of $14,611,674.

Susann Low September 01, 2012 at 10:44 AM
I can't speak for others but it seems the older I get, the less time I have for reading about what's going on 'outside'. I can't thank the West Roxbury Patch enough for keeping me plugged in on what's happening in the community and in Boston. Thanks, I start my morning with a cup of hot coffee and the West Roxbury Patch. It's a routine that just gets my day started off perfectly! Sue L.
David Ertischek September 03, 2012 at 08:04 PM
Thanks, Sue!

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