Apple’s newest, 175-acre corporate campus is valued at over $4 billion, according to assessors of the Santa Clara county.
Apple Park’s Worth
Broken down, the property is worth approximately $3.6 billion, but the addition of furniture, computers and ground maintenance has pushed the valuation to about $4.17 billion in total. Santa Clara county deputy assessor David Ginsborg states that part of the challenge in valuing Apple Park was that everything is custom-made.
The $4 billion tag puts Apple Park in league with the World Trade Center, the Abraj Al Bait and Saudi Arabia’s Mosque of Mecca.
Apple is expected to pay 1% property tax each year, which should be about $40 million. This makes the Cupertino-based company the biggest taxpayer of property in Santa Clara. 25% of the tax goes to local elementary school funding, while 15% is sent to the fire department. Cupertino itself gets 5% as discretionary funding.