Other
Property taxes
Simon Property Group Property taxes increased by 26.5% to $135.96M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 26.5%, from $107.45M to $135.96M. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOther
CategoryEfficiency
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026May 11, 2026
How to read this metric
Increases are typically driven by rising property valuations or tax rate hikes, which directly impact net operating income.
Detailed definition
The total amount of property taxes paid to local and state governments for the real estate assets owned by the company....
Peer comparison
Standard operating expense for all real estate owners, often benchmarked as a percentage of property value.
Metric ID:
other_real_estate_tax_expenseHistorical Data
13 periods
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q3 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $114.70M | $117.09M | $111.15M | $111.69M | $111.99M | $109.93M | $115.46M | $102.16M | $102.16M | $102.16M | $102.16M | $107.45M | $135.96M |
| QoQ Change | — | +2.1% | -5.1% | +0.5% | +0.3% | -1.8% | +5.0% | -11.5% | +0.0% | +0.0% | +0.0% | +5.2% | +26.5% |
| YoY Change | — | — | — | — | -2.4% | -6.1% | +5.0% | — | — | -11.5% | — | +5.2% | +26.5% |
Range$102.16M – $135.96M
CAGR+5.8%
Avg YoY Growth+2.8%
Median YoY Growth+1.3%
Current Streak5 quarters growth
Business Segments
| Segment | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Real Estate | $109.97M | $109.97M | $102.28M | $102.28M | $102.28M | $102.28M | $113.49M | $139.06M |
| Total | $115.46M | — | $102.16M | $102.16M | $102.16M | $102.16M | $107.45M | $135.96M |
Property taxes at Other Companies
Frequently Asked Questions
- What is Simon Property Group's property taxes?
- Simon Property Group (SPG) reported property taxes of $135.96M in Q1 2026.
- How has Simon Property Group's property taxes changed year-over-year?
- Simon Property Group's property taxes increased by 26.5% year-over-year, from $107.45M to $135.96M.
- What does property taxes mean?
- The total property taxes paid on the company's real estate holdings.