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Downtown Phoenix: Who Gets Tax Breaks — And Who Doesn't
Wednesday, May 31, 2017 at 9:43 a.m.

Tom Carlson
Skyline Lofts, between Third and Fourth streets at Fillmore Street, paid no taxes last year.
1/36

Tom Carlson
Proxy 333 at McKinley and Fourth streets paid $17,379.28 in taxes last year.
2/36

Tom Carlson
The large Roosevelt Point development between Roosevelt and McKinley streets and Third and Fourth streets was the recipient of a GPLET tax break. It paid no taxes last year.
3/36

Tom Carlson
The large Roosevelt Point development between Roosevelt and McKinley streets and Third and Fourth streets was the recipient of a GPLET tax break. It paid no taxes last year.
4/36

Tom Carlson
Artisan Homes occupies the blocks between Roosevelt and Portland streets and Fifth and Seventh streets. It paid $96,000 in taxes in 2016.
5/36

Tom Carlson
iLuminate, on the northwest corner of Roosevelt and Third streets, paid $26,178.64 in property taxes last year while under construction.
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Tom Carlson
Linear, across from ILuminate on the southwest corner of Third and Roosevelt streets, paid $27,986.28 in taxes last year.
7/36

Tom Carlson
The Alliance Apartments, which are currently under construction on Roosevelt Row, did not receive a GPLET from the city.
8/36

Tom Carlson
Like other condos downtown, En Hance Condominiums, just north of Portland on Third, don't qualify for a GPLET and pay full property taxes to the city.
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Tom Carlson
GPLET helped finance Roosevelt Square at Portland Street and First Avenue, which currently has an abatement and paid no taxes last year.
10/36

Tom Carlson
GPLET helped finance Roosevelt Square at Portland Street and First Avenue, which currently has an abatement and paid no taxes last year.
11/36

Tom Carlson
Portland on the Park at Portland Street and First Avenue didn't receive a tax break.
12/36

Tom Carlson
Union @ Roosevelt was financed with the help of a GPLET. The property is at Roosevelt Street and First Avenue.
13/36

Tom Carlson
Native American Connections doesn't have a GPLET from the city, and pays just over $17,500 a year in property taxes for their apartment complex downtown.
14/36

Tom Carlson, Antonia Noori Farzan
Apartment buildings often get GPLETs, but townhouse developments, like Townhomes on 3rd, don't.
15/36

Tom Carlson, Antonia Noori Farzan
The Embassy Condominiums pay full property taxes to the city.
16/36

Tom Carlson, Antonia Noori Farzan
The construction of McKinley Row is still in progress. The condominiums were not eligible for a GPLET, which is only available to apartment buildings and commercial construction.
17/36

Tom Carlson, Antonia Noori Farzan
The Met Apartments at 200 Fillmore between Second and Third streets are fully taxed and paid $192,582.68 last year.
18/36

Tom Carlson
The St. Croix Villas paid $42,000 in property taxes last year
19/36

Tom Carlson
Arizona Center initially received a GPLET, which has since ended. It now pays full property taxes.
20/36

Tom Carlson
Arizona Center initially received a GPLET, which has since ended. It now pays full property taxes.
21/36

Tom Carlson
The Arizona Republic pays full price when it comes to property taxes.
22/36

Tom Carlson
The parking garage between First and Second streets on Van Buren Street pays $435,000 in taxes.
23/36

Tom Carlson
333 North Central Avenue, home to the Westin Phoenix Downtown, is valued at $122,433,600 and paid $63,195 in taxes last year.
24/36

Tom Carlson
The Hilton Garden Inn, taxed to the tune of $250,000.
25/36

Tom Carlson
Condominiums, like these at 44 West Monroe, are not eligible for the GPLET.
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Tom Carlson
Condominiums, like these at 44 West Monroe, are not eligible for the GPLET.
27/36

Tom Carlson
U.S. Bank's tower pays $892,000 in taxes.
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Tom Carlson
The downtown Renaissance received a GPLET when it underwent a rebrand. Previously, it was known as the Wyndham Phoenix Hotel.
29/36

Tom Carlson
The Hyatt ponies up $1.9M in tax revenue.
30/36

Tom Carlson
The Phelps Dodge tower is valued at $163,978,000, but pays only $64,036.52 in taxes thanks to a GPLET.
31/36

Tom Carlson
If you guessed Wells Fargo coughed up a cool million in taxes on this building, you'd be right.
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Tom Carlson
The GPLET agreement for the new $80 million Luhrs City Center Marriott specified that the developer also had to restore historic buildings on the block in exchange for receiving a tax break.
33/36

Tom Carlson
Supporters of the GPLET argue that projects like CityScape would have been impossible without it.
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Tom Carlson
A newly GPLET-abated project is Block 23, future site of the downtown Fry's, which is receiving a tax break valued at an estimated $18.3 million.
35/36

Tom Carlson
Collier Center received a GPLET in 2007 and now pays a reduced tax rate of roughly a fifth of what property taxes would normally cost.
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Downtown Phoenix: Who Gets Tax Breaks — And Who Doesn't
Critics of Phoenix's use of the Government Property Lease Excise Tax, or GPLET (pronounced jeep-let) for short, often argue that it creates an uneven playing field. Often, seemingly identical apartment complexes, office buildings, or hotels sit side-by-side, one receiving a substantial reduction in their property taxes, the other not.
Which buildings downtown pay no taxes, and which pay several hundred thousand a year? Keep reading to find out.
Information for this slideshow was provided by the Arizona Tax Research Association, Maricopa County Assessor, and Maricopa County Treasurer's Office.
Critics of Phoenix's use of the Government Property Lease Excise Tax, or GPLET (pronounced jeep-let) for short, often argue that it creates an uneven playing field. Often, seemingly identical apartment complexes, office buildings, or hotels sit side-by-side, one receiving a substantial reduction in their property taxes, the other not.
Which buildings downtown pay no taxes, and which pay several hundred thousand a year? Keep reading to find out.
Information for this slideshow was provided by the Arizona Tax Research Association, Maricopa County Assessor, and Maricopa County Treasurer's Office.
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