Property taxes
Sun Communities Property taxes increased by 21.9% to $29.50M in Q1 2026 compared to the prior quarter. Year-over-year, this metric grew by 10.5%, from $26.70M to $29.50M. Over 5 years (FY 2021 to FY 2026), Property taxes shows an upward trend with a 8.9% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
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.
other_real_estate_tax_expenseHistorical Data
| Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | Q2 '26 | Q3 '26 | Q4 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $22.40M | $23.20M | $24.80M | $20.70M | $26.10M | $27.70M | $29.40M | $23.40M | $30.10M | $30.00M | $29.30M | $10.90M | $25.50M | $26.20M | $25.90M | $25.00M | $26.70M | $28.70M | $28.70M | $24.20M | $29.50M |
| QoQ Change | — | +3.6% | +6.9% | -16.5% | +26.1% | +6.1% | +6.1% | -20.4% | +28.6% | -0.3% | -2.3% | -62.8% | +133.9% | +2.7% | -1.1% | -3.5% | +6.8% | +7.5% | +0.0% | -15.7% | +21.9% |
| YoY Change | — | — | — | — | +16.5% | +19.4% | +18.5% | +13.0% | +15.3% | +8.3% | -0.3% | -53.4% | -15.3% | -12.7% | -11.6% | +129.4% | +4.7% | +9.5% | +10.8% | -3.2% | +10.5% |
Business Segments
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q4 '26 |
|---|---|---|---|---|---|---|---|---|
| MH | — | — | — | — | — | — | — | $19.80M |
| RV | — | — | — | — | — | — | — | $7.50M |
| UK | — | — | — | — | — | — | — | $2.20M |
| Marina | $5.43M | $5.43M | $5.43M | $5.48M | $5.48M | $5.48M | $5.48M | — |
| Total | $29.30M | $10.90M | $25.50M | $26.20M | $25.90M | $25.00M | $26.70M | $29.50M |
Marina is derived from annual filings.
Marina was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Property taxes at Other Companies
Frequently Asked Questions
- What is Sun Communities's property taxes?
- Sun Communities (SUI) reported property taxes of $29.50M in Q1 2026.
- How has Sun Communities's property taxes changed year-over-year?
- Sun Communities's property taxes increased by 10.5% year-over-year, from $26.70M to $29.50M.
- What is the long-term trend for Sun Communities's property taxes?
- Over 5 years (2021 to 2026), Sun Communities's property taxes has grown at a 8.9% compound annual growth rate (CAGR), from $72.60M to $111.10M.
- What does property taxes mean?
- The total property taxes paid on the company's real estate holdings.