Apple Park worth $4.17 billion, is one of the world's most expensive buildings
Apple Park, already known to be one of the most valuable corporate headquarters in the world, is specifically worth $4.17 billion when including land, furniture, computers, and other items, according to Santa Clara County.
For the sake of property taxes the complex is worth $3.5 billion, the County said in an assessment for a fiscal year ending in June. The company could pay about $40 million annually, said the San Francisco Chronicle, though it has the option of appealing and seeking a lower amount.
The $4.17 billion valuation ranks against $3.8 billion for the rebuilt One World Trade Center in New York City, but nowhere near the cost of the world's three most expensive buildings -- the $15 billion Abraj Al Bait Towers and the $100 billion Great Mosque, both in Mecca, plus the $25 billion ITER (International Thermonuclear Experimental Reactor) fusion project in Saint-Paul-les-Durance, France.
Apple was reportedly the County's biggest property taxpayer in the 2017-2018 fiscal year, paying $56 million overall. The company has properties scattered around the area, including 1 Infinite Loop, its repurposed prior headquarters.
Apple Park uses highly customized architecture, conceived by Apple co-founder Steve Jobs, designer Jony Ive, and architectural firm Foster and Partners.
The complex features extensive solar power, and its signature "spaceship" ring is wrapped in curved glass windows. The use of glass extends throughout the interior, where people have reportedly been walking straight into it.
To protect against California's infamous earthquakes the spaceship employs 692 steel saucers designed to shift as far as 4 feet.
For the sake of property taxes the complex is worth $3.5 billion, the County said in an assessment for a fiscal year ending in June. The company could pay about $40 million annually, said the San Francisco Chronicle, though it has the option of appealing and seeking a lower amount.
The $4.17 billion valuation ranks against $3.8 billion for the rebuilt One World Trade Center in New York City, but nowhere near the cost of the world's three most expensive buildings -- the $15 billion Abraj Al Bait Towers and the $100 billion Great Mosque, both in Mecca, plus the $25 billion ITER (International Thermonuclear Experimental Reactor) fusion project in Saint-Paul-les-Durance, France.
Apple was reportedly the County's biggest property taxpayer in the 2017-2018 fiscal year, paying $56 million overall. The company has properties scattered around the area, including 1 Infinite Loop, its repurposed prior headquarters.
Apple Park uses highly customized architecture, conceived by Apple co-founder Steve Jobs, designer Jony Ive, and architectural firm Foster and Partners.
The complex features extensive solar power, and its signature "spaceship" ring is wrapped in curved glass windows. The use of glass extends throughout the interior, where people have reportedly been walking straight into it.
To protect against California's infamous earthquakes the spaceship employs 692 steel saucers designed to shift as far as 4 feet.
Comments
THAT'S A LOT OF MONEY FOR A BUILDING THAT DOESN'T EVEN HAVE A CATFLAP! NO WONDER IVE IS WALKING!
"Apple was reportedly the County's biggest property taxpayer in the 2017-2018 fiscal year."
What a greedy company!!!!!!!! /s
Apple is one of the biggest taxpayers in the entire USA, if not the biggest.
The state collects income tax too (at least here in California) as well as sales tax.
The county collects property tax as well as a supplemental sales tax. Apple’s property tax assessment also contains supplemental parcel taxes for various state, county and city bond measures.
There are many kinds of taxes and they don’t all go to the same place.
Note that Santa Clara County is one of the largest California counties by population and thus in the nation. Moreover with the large amount of wealth (mostly from the tech industry) it is the most affluent county on the West Coast. It’s not such a tiny county.
It has nothing to do with the relative significance of Santa Clara County, which is one of 3,142 counties (including county-equivalents) in the United States. Apple is a big taxpayer not just in Santa Clara County, but in many places and at many levels of governmental taxing authorities.
Also, was the ring design really Jobs’s idea? I read once that he had a different shape in mind,
Might have something to do with Ive and Jobs input and the "credit" for the design of the building.
Edit (link):
https://www.fosterandpartners.com/projects/type/?projecttype=offices-and-headquarters