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Ten businesses in Mahwah pay taxes on over $481M worth of assessed property values.
The top taxpayer in the township is the New York Stock Exchange, which has a building on MacArthur Blvd. with an assessed value of $100M.
The roadway connecting Island Rd. and Darlington Ave. houses four of the township’s top taxpayers, including the companies that own the UPS, Jaguar Land Rover and Mindray facilities. Howmedica Osteonics Corp., which owns and operates the Stryker complex off MacArthur Blvd., also made the list.
Three companies that own parts of the Crossroads property – the Sheraton Mahwah Hotel and surrounding area - made the list. Together, they pay taxes on over $97M in assessed property value. The mostly-vacant property has recently been the cause of controversy, as owners proposed a 600,000-ssquare-foot shopping center be built around the hotel.
The complex’s neighbor, Sharp Electronics, also made the list, paying taxes on $67M.
The one taxpayer bucking the corporate headquarters trend is the Inwood Realty Group, which pays taxes on the A&P Shopping Plaza on Franklin Turnpike. The retail center is worth nearly $21M in assessed value.
The assessed values of these properties were provided by the Mahwah Tax Assessor’s office.
|
Rank |
Business Name |
Address |
Total Assessed Value |
|
1 |
NYSE [New York Stock Exchange] |
1700 Macarthur Boulevard |
$100,000,000 |
|
2 |
Vista Distribution Center, Inc. [UPS Building] |
340 Macarthur Boulevard |
$85,000,000 |
|
3 |
Sharp Electronics Corp. |
10 Sharp Plaza |
$67,000,000 |
|
4 |
Howmedica Osteonics Corp. NJ [Stryker Building] |
325 Corporate Drive |
$60,000,000 |
|
5 |
Crossroads Developers |
1 International Boulevard |
$55,350,200 |
|
6 |
Jaguar Land Rover North America LLC |
555 Macarthur Boulevard |
$31,599,600 |
|
7 |
Inwood Realty Group [A&P Shopping Plaza] |
115 Franklin Turnpike |
$20,772,400 |
|
8 |
Harte IHR Mahwah LP |
1 International Boulevard |
$21,937,500 |
|
9 |
Garden Crossroads, LLC |
1 International Boulevard |
$20,100,000 |
|
10 |
Mindray DS USA |
800 Macarthur Boulevard |
$19,437,900 |
In This article
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UPS
340 Macarthur Blvd, Mahwah, NJ -
Aston Martin Jaguar Land Rover
555 Macarthur Blvd, Mahwah, NJ -
The Sheraton Mahwah Hotel
1 International Blvd, Mahwah, NJ -
-
Sharp Electronics
1 Sharp Plz, Mahwah, NJ -
A & P Supermarket
125 Franklin Tpke, Mahwah, NJ
JP
1:14 pm on Tuesday, May 1, 2012
Once the mall gets built, you'll see Crossroads Development in that number one spot for sure.
Andy Schmidt
10:45 am on Wednesday, May 2, 2012
So where IS Home Depot on this?
Seems like the corporate offices are bringing in the money?
futuristic
1:42 pm on Tuesday, May 8, 2012
Building Mahwah up requires detailed planning by people not first interested in tax revenue but primarily seeking to enhance the quality of life for the town folk. Build up quality of life and the taxes will follow. Going for the quick buck does not work. History shows that easy money always comes back to bite you in the A. Take pride in your community, build it up, not down.
Andy Schmidt
9:36 am on Wednesday, May 9, 2012
Well said.
It's worth the wait for a development that doesn't divide the town.