Snohomish County’s biggest taxpayers

It won’t exactly come as a surprise that the Boeing Co. is Snohomish County’s largest taxpayer. The aerospace giant, after all, owns the world’s largest building, by volume — the big factory at Paine Field in Everett. Who rounds out the top 10? Telecommunications companies, a utility, real estate companies and retail heavyweights.

You know the retailers: Eight Fred Meyer stores comprise No. 5. Fred Meyer is owned by Cincinnati -based Kroger Co. And Alderwood mall is No. 7. It’s owned by Chicago-based GGP.

The big real estate companies, however, aren’t household names, unless they happen to own the roof over your head. Equity Residential (No. 4), a national real estate investment trust, owns large apartment complexes, mainly in Mill Creek and Bothell. Teachers Insurance &Annuity Association (No. 6), better known as TIAA-CREF, owns business parks in the Canyon Park area of Bothell.

Most of the taxes paid by the utilities and telecoms are related to business equipment, not real estate. Frontier Communications’ total includes office buildings the company sold in November 2012.

Top Snohomish County taxpayers

Ranked by 2012 assessed property value.

Taxpayer Type of business Assessed value Website
1. Boeing Co. Commercial aircraft $1,639,791,196 http://www.boeing.com
2. Frontier Communications Telecommunications $375,531,564 http://www.frontier.com
3. Puget Sound Energy Gas and electric $223,035,636 http://pse.com
4. Equity Residential Real estate $163,642,963 http://www.equityapartments.com
5. Fred Meyer Retail $149,539,146 http://www.fredmeyer.com
6. Teachers Insurance and Annuity Association Real estate $122,452,158 https://www.tiaa-cref.org
7. GGP (Alderwood mall) Retail real estate $121,309,072 http://www.alderwoodmall.com
8. Arden Realty Real estate $120,647,500 http://www.ardenrealty.com
9. T-Mobile USA Telecommunications $106,360,347 http://www.t-mobile.com
10. Essex Property Trust Real estate $97,210,840 http://www.essexpropertytrust.com

SOURCE: Snohomish County Assessor

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