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Based on their estimate, the new Apple headquarters would cost more than $1,500 per square foot, three times higher than the cost of the majority of the top-of-the-line corporate towers in New York. An additional 15% funds the local fire fighting services. How much is Apple’s spaceship headquarters worth? The new headquarters, designed by Lord Norman Foster and costing roughly $5 billion, will house 13,000 employees in over 2.8 million square feet of office space and will have nearly 80 acres of parking to accommodate 11,000 cars. But unlike Apple, the Department of Defense doesn’t pay taxes. New figures released this week show the tech giant’s circular headquarters in Cupertino was assessed at $3.6 billion by Santa Clara County for property tax purposes. “And of course, they’re a major employer – so that’s another benefit to the county.”. Coincidentally, that tower is connected to an Apple store with a famous glass cube, though it’s been closed for renovations. Based on the valuation by Santa Clara county, Apple will owe over $40m in property taxes each year in California. His hobbies include swimming and urban photography. Apple is the largest property taxpayer in the county, according to Stone. More recent figures weren’t immediately available. Roland Li is a San Francisco Chronicle staff writer. The biggest sale of property in New York City, long the center of high-priced American real estate, was $2.8 billion for the GM Building at 767 Fifth Ave. in 2007. Moreover, Apple benefits from a tax-incentive deal with the city of Cupertino, which has given almost $70m in sales-tax collections back to the company over the past 20 years, Bloomberg reported. The intricately designed ring – which incorporates treated glass, and specially designed tiles – is surrounded by pines from the Mojave Desert. “I mean, every bit of it is custom,” he said. Now we have the answer. A spaceship in Cupertino: Apple's journey to build a new headquarters Apple's spaceship is rising Apple Campus 2 nearly $2 billion over budget and behind schedule, says Bloomberg Apple Park With property taxes around 1%, Apple would owe around $40 million annually. If you include computers, furniture and even farm equipment to take care of the property’s trees, the figure rises to $4.17 billion for the fiscal year that ended in June, the assessor’s office said. Roland Li covers commercial real estate for the business desk, focusing on the Bay Area office and retail sectors. Photo: Mason Trinca / Special to The Chronicle 2018, Invited guests, analysts and press gather at new Steve Jobs Theater on the Apple Park campus in Cupertino Tuesday for Apple's annual unveiling of its latest iPhone modles. Why biotech is a bright spot in the Bay Area’s battered economy, Janet Yellen, Biden’s Treasury nominee, has long thought about Bay Area’s challenges, Genentech wins approval for massive headquarters expansion in South San Francisco, San Francisco and San Mateo land in purple tier, curfew to start Monday night, 49ers cannot play at Levi’s Stadium under Santa Clara County’s coronavirus restrictions, S.F., Santa Clara counties tighten rules amid alarming coronavirus surge, Editorial: Why President Trump’s pardon of Michael Flynn is even dirtier than the rest, Coronavirus live updates: Golden Gate Park’s Ferris wheel halted by pandemic, Federal tax hit could take many unemployed people by surprise, San Francisco is having a parklet moment. Apple’s donut-shaped headquarters in Cupertino, California has been valued at $4.17bn, according to a new assessment this week – making it one of the most expensive buildings in the world. Glass was brought in from Germany to make the walls of Apple Park's ring-shaped building. The valuation doesn’t perfectly coincide with its market value — how much it would sell for — but is based off a detailed appraisal of the building, which opened in 2017. It also invested $75m to improve infrastructure and ease traffic in several nearby cities. The campus also contains North and South Testing Buildings, which cost $31,492,000 and $72,350,000, respectively. Apple Park. As part of its Apple Park development agreement, the company paid $5.85m into an affordable housing fund. The campus, often called the "spaceship" thanks to its circular main building, houses thousands of Apple employees and incorporates renewable energy and green space to make a truly unique corporate space. America’s tallest spire, the 1,776-foot One World Trade Center in New York, cost $3.9 billion to build, according to the Port Authority of New York and New Jersey, which owns the building, and is 3.5 million square feet. Before moving to the Bay Area in 2015, he studied and worked in New York. But critics have argued that the amount – a tiny fraction of the company’s revenue – does not offset its contribution to the housing crisis and homelessness. In its most recent quarter, Apple reported $58 billion in revenue and $11.5 billion in net income. Apple was Santa Clara County’s largest property taxpayer for the 2017-18 fiscal year, with $56 million in taxes, Ginsborg said. The firm paid $6m into an affordable housing fund but critics say it must do more to help solve Silicon Valley’s social issues, Last modified on Sat 13 Jul 2019 15.31 EDT. Based on their estimate, the new Apple headquarters would cost more than $1,500 per square foot, three times higher than the cost of the majority of the top-of-the-line corporate towers in New York. “But at the end of the day, it’s an office building,” Ginsborg said. New York’s second-biggest deal came last year and also has a tech company connection: Google paid $2.5 billion for Chelsea Market, a shopping and office center on Manhattan’s West Side. Here are 11 cool ones to check out right now. By contrast, the world’s tallest building – the Burj Kalifa in Dubai – cost $1.5bn. The campus also contains North and South Testing Buildings, which cost $31,492,000 and $72,350,000, respectively. Apple's new 175-acre 'spaceship' campus dubbed "Apple Park" is nearing completion and is set to begin moving in Apple employees. Park is one of the construction project was estimated at about $.. 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