Politics & Government

Citibank Office Complex Tops Warren Property Tax List

Township's top ten property tax bills go to office complex owners.

Yesterday was the deadline for filing income taxes, but Tax Foundation says you're not really done paying taxes for the year: the foundation's annual estimate of how long the average American must work to earn enough to pay all of the taxes due in a year says that won't happen until Thursday.   

So in case your head's spinning after looking at the dizzying numbers on your returns, we thought we'd share the list of Warren's Top 10 property taxpayers for 2011 (the most recent year information is available), according to Gannett's DataUniverse

If you think your property tax bill is high, compare it to the whopping $2,451,500 combined bill for the five properties in the Citibank office complex.

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Property/Business Type Land assessment  Improvements Tax bill King George Property Co. (Citigroup complex) Commercial  $22,903,200 $82,246,500 $2,451,500 Somerset Associates (Chubb) Commercial  $18,725,000 $59,775,000 $1,575,338 30 Independence Dr. Commercial $5,608,600  $24,718,500 $608,604

Liberty Associates (184 Liberty Corner Road offices)

Commercial $8,030,000 $22,256,000  $607,779

MBCC East (7 Powder Horn Dr.)

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Commercial $0  $16,470,000 $330,519

Warren 2001 (177 Washington Valley Road)

Commercial $5,314,400  $11,012,600 $327,650

10 Independence 

Commercial $3,260,300 $11,833,800 $302,908

Normandy Warren Associates (20 Independence Dr.)

Commercial $3,260,300 $11,833,800 $302,908

S/K Warren Associates (15 Mountain View Road)

Commercial $2,700,000 $12,100,000 $297,006

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