Issue link: https://nebusinessmedia.uberflip.com/i/1540905
wbjournal.com | November 3, 2025 | Worcester Business Journal 29 City of Worcester Highest Worcester property taxpayers Ranked by total taxes paid in fiscal 2025 ((11)) Property owner Total tax revenue/ total assessed value Assessed value real estate/ assessed value personal property Type of business/ property use property use Current tenant(s) 1 National Grid - Mass. Electric multiple locations $16,670,239 $582,671,751 $15,979,651 $566,692,100 Electric company, public utility Office building, cold storage, commercial land, electric substations, warehouse National Grid - Mass. Electric 2 NSTAR Gas Co. multiple locations $10,268,393 $358,935,800 $3,974,500 $354,961,300 Natural gas company, public utility Office building, gas pressure stations, enclosed lots, parking lots NSTAR Gas Co. 3 VHS Acquisition Subsidiary 123 Summer St., 1 Eaton Place and 20 Washington Square $4,135,181 $144,536,200 $119,836,400 $24,699,800 Medical care, hospital Private hospital, office building, parking garage Saint Vincent Hospital (2) 4 Worcester TC LLC 100 Research Drive $2,368,897 $82,799,600 $82,799,600 $0 Biotech company Research and development AbbVie Inc. 5 New England Power Co. multiple locations $2,202,873 $77,590,600 $6,941,100 $70,649,500 Electric company, public utility Electric plant, electric substations, industrial land New England Power Co. 6 Agree Limited Partnership 525 Lincoln St. $1,944,244 $67,956,800 $67,956,800 $0 Real estate holdings Athletic club, shopping center, restaurant Lowe's Target (and additional tenants) 7 Verizon multiple locations $1,916,283 $67,035,100 $14,268,700 $52,766,400 Telephone company, public utility Telephone and electric substations, cell towers, office building New England Telephone Verizon 8 440 Lincoln Street Holding 440 Lincoln St. $1,814,203 $63,411,500 $63,411,500 $0 Real estate holdings Office building The Hanover Insurance Group Educators Insurance Agency 9 Front Street Associates LLC multiple locations $1,626,653 $56,856,100 $56,856,100 $0 Real estate holdings Office building, parking garage Mercantile Center Worcester District Registry of Deeds 10 MC Roseland Worcester LLC 145 Front St. $1,301,278 $88,330,000 $88,330,000 $0 Real estate holdings High rise apartment 145 Front at City Square Source: City of Worcester. Data set includes both occupied and vacant sites. (1) Includes real estate taxes and personal property taxes (2) Part of Tenet Healthcare Corp. -Compiled by: Heide Martin, hmartin@nebusinessmedia.com 0% 5% 10% 15% 20% 25% 30% 2002 2003 2004 2005 2006 2007 2008 2009 2001 2010 2012 2013 2014 2015 2016 2017 2018 2019 2011 2020 2021 2022 2023 2024 '25 Quarterly office vacancy rate by year Office vacancy rate in Greater Worcester and MetroWest, since 2001 Source: Colliers