San Diego has been in the news a lot this past spring, as city officials and developers continue debating the proposed Qualcomm Stadium development. According to The San Diego Union-Tribune, the SoccerCity initiative at the new Qualcomm site could generate in excess of $8 million in annual tax revenues for the city, and that amount would increase exponentially over the following decades.
While the debates go on, we wanted to see which are the top taxpaying properties in San Diego at the moment. Fun fact: Qualcomm makes the list twice. And while taxes in California don’t even come close to what property owners pay in New York City or Chicago (the only West Coast destination to make our top 100 taxed properties in the U.S. list was the Disneyland Resort in Anaheim), there are still a few properties along the Coast to command some pretty impressive numbers by any standard. Check them out below:
Find all the top 10 properties on the map below:
1Manchester Grand Hyatt Hotel – $9,028,732 in property taxes
The highest property taxes in San Diego are paid by the Manchester Grand Hyatt Hotel at One Market Place. The two-tower complex is the largest hotel in Southern California and the tallest building on the West Coast waterfront. The eye-grabbing complex offers 1,628 guestrooms and features amenities such as a full-service spa, complimentary Wi-Fi, basketball, volleyball and tennis courts, outdoor pools and hot tubs, on-site bike rentals and more. The hotel also includes 316,000 square feet of event space, including a 30,000-square-foot ballroom–one of the largest in San Diego. Built in 1992, the Manchester Grand Hyatt pays more than $9 million in yearly property taxes.
2Qualcomm Campus, Building R – $8,664,796 in property taxes
Designed by Wimmer Yamada and Caughey, Qualcomm’s massive San Diego campus took roughly 13 years to be completed. The LEED Gold-certified campus offers employees volleyball and basketball courts, exercise paths, picnic areas, fountains, courtyards, ample parking space, as well as state-of-the-art security systems. Qualcomm’s campus includes roughly 40 buildings dedicated to office, industrial, research, manufacturing and administrative uses. Among these, Qualcomm Building R, completed in 1996 at 10185 McKellar Ct., stands out as one of the top taxpaying buildings in San Diego, shelling out nearly $8.7 million in yearly property taxes.
3Kaiser Permanente San Diego Medical Center – $5,757,949 in property taxes
Kaiser Permanente’s new Medical Center at 9455 Clairemont Mesa Blvd. is a state-of-the-art, LEED Platinum-certified complex providing high-quality medical services to San Diego residents. Comprising 617,215 square feet, the new hospital opened its doors to patients in late April 2017, creating more than 1,900 jobs (1,000 hospital jobs and 900 construction jobs, according to the project fact sheet). The energy-efficient medical center boasts a capacity for 461 beds and 39 emergency department beds, and includes an intensive care unit, interventional radiology, neonatal intensive care unit, as well as medical and surgical units. According to Oakland-based Kaiser Permanente, the complex is one of the most technologically-advanced medical centers in the world. The newly-built Kaiser Permanente San Diego Medical Center pays close to $5.8 million in yearly property taxes, landing the third spot on our list.
4Hilton San Diego Bayfront – $5,598,477 in property taxes
The 1,190-key Hilton San Diego Bayfront hotel opened its doors to guests in late 2008, and is now a familiar staple on the city’s skyline. Designed by John Portmand & Associates and operated by Hilton Worldwide, the 30-story hotel pays the fourth-highest property taxes in San Diego, forking over $5.6 million in property taxes for the 2016-2017 tax year. Located at 1 Park Blvd., adjacent to the San Diego Convention Center, the Hilton San Diego Bayfront includes 165,000 square feet of meeting and event space, six dining venues, a fitness center, a heated saltwater bayside pool, a spa, and much more. Furthermore, all rooms and suites offer views of the city skyline and the San Diego Bay.
5Fashion Valley Mall – $5,335,658 in property taxes
The 1.7 million-square-foot shopping mall at 7007 Friars Blvd. in San Diego‘s Mission Valley pays the fifth-highest property taxes in the city. The upscale, open-air mall is home to more than 200 stores, including names like Hermes, Prada, Gucci, Nike, Louis Vuitton, Salvatore Ferragamo, Nordstrom, Macy’s and Neiman Marcus. Operated by Simon Property Group, the 48-year-old mall is the largest in San Diego and one of the largest in California. Developed by The Hahn Co., the retail center underwent several expansion and renovation efforts, including a $110 million renovation project in the fall of 1997. Simon Property Group purchased a 50% stake in the Fashion Valley Mall in 2001.
Methodology
- Data source: PropertyShark, proprietary research (download raw data);
- Tax values account for the fiscal year beginning July 1, 2016 and ending June 30, 2017;
- Search is based on individual parcels under the same ownership;
- 1 Market Place tax value is the sum of 2 parcels: 760-016-03-00 & 760-016-17-00;
- Mixed use properties can include office, industrial and retail space.
