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wbjournal.com | Book of Lists 2017 | Worcester Business Journal 59 R E A L E S T A T E F O C U S Worcester's top property taxpayers Ranked by valuation for fiscal year 2017 Owner/ property Valuation FY 2017/ valuation FY 2016 Land area in acres/ gross area in square feet Commercial or industrial/ property use description 1 VHS Acquisition Subsidiary 123 Summer St. $124,970,700 $125,991,300 17.5 706,065 Commercial private hospital 2 V3B SA LLC 525 Lincoln St. * $64,281,000 $61,193,600 45.2 569,675 Commercial shopping center/mall 3 Worcester TC LLC (AbbVie) 100 Research Drive $59,838,500 $60,669,900 29.9 457,240 Industrial research and development facility 4 440 Lincoln Street Holding 440 Lincoln St. $58,707,800 $56,277,600 51.1 1,181,605 Commercial general office building 5 CSX Transportation 271 Franklin St. $25,457,300 $22,918,200 68.3 9,679 Commercial dockyards 6 Front Street Associates LLC 100 Front St. $24,890,500 $23,469,300 0.4 292,520 Commercial general office building 7 S-Bank Worcester Main LLC 446 Main St. $24,373,800 $23,220,300 1.6 291,629 Commercial general office building 8 RK Worcester Crossing LLC 25 Tobias Boland Way $21,665,200 $21,333,000 22.8 209,945 Commercial shopping center/mall 9 NEP Worcester LLC 503 Plantation St. $20,043,100 $10,881,000 7.3 94,021 Commercial hotel 10 Webster Square Shopping Center 68 Stafford St. $19,576,200 $18,653,100 14.7 219,097 Commercial shopping center/mall 11 Worcester Business Center LLC 67 Millbrook St. $18,042,700 $16,923,600 11.6 296,278 Commercial general office building 12 KOP Perkins Farm Marketplace LLC 867 Grafton St. $17,558,400 $16,767,500 19.8 237,455 Commercial shopping center/mall 13 Saint-Gobain Abrasives Inc. 1 New Bond St. $16,988,000 $16,304,500 16.6 768,684 Industrial factory 14 Hertz Worcester Chestnut Place LLC 22 Elm St. $15,765,200 $15,113,100 1.2 314,277 Commercial general office building 15 Nairn LLC 72 Grove St. $15,561,600 $8,618,100 2.1 75,740 Commercial hotel 16 RK Worcester Crossing LLC 1A Tobias Boland Way $15,522,800 $14,546,600 15.8 137,147 Commercial department store 17 Fargo Management LLC 35 Major Taylor Blvd. $14,741,250 $8,396,050 1.0 128,067 Commercial hotel 18 Webster First Federal 275 Greenwood St. $14,615,300 $13,965,300 8.8 87,803 Commercial bank branch/office 19 Neponset Street LLC 7 Neponset St. $13,779,700 $14,038,100 18.2 431,772 Commercial shopping center/mall 20 New England Rehabilitation 189 May St. $13,361,500 $12,953,000 20.7 95,881 Commercial private hospital Sources: City of Worcester and property owner websites * This property was listed under 541 Lincoln St. in the 2016 list. - Compiled by: Heide Martin, hmartin@nebusinessmedia.com Worcester property tax From Saint Vincent Hospital (#1) and the Lincoln Plaza shopping center (#2) to Hanover Insurance (#4) and Mercantile Center (#6), the city's largest taxpayers contrib - ute a major portion of the city's revenue each year. For the bud- get year started July 1, the city expects to take in about $290 million in property taxes, which accounts for nearly half of the city's revenue. Of the city's $614-million budget ended June 30, property tax revenue totaled $282 mil- lion. A look at property tax reve- nue for Worcester in the last 10 fiscal years, according to the city's budgets: 2009: $198 million 2010: $205 million 2011: $216 million 2012: $218 million 2013: $234 million 2014: $247 million 2015: $256 million 2016: $271 million 2017: $279 million 2018*: $290 million *Forecasted Source: City of Worcester Saint Vincent Hospital at 123 Summer Street in Worcester