Report shows Google as biggest commercial property taxpayer

Assessor's Office determines that tech companies dominate Top 10

Tech companies dominate the list of Santa Clara County's 10 largest commercial property taxpayers, a compilation that reads like a who's who of the nation's tech sector.

Google was the largest commercial property taxpayer in Santa Clara County, a new report from the county Assessor's Office shows.

Other notable tech companies on the list include Apple, Apple unit Campus Holdings, Cisco, Applied Materials, Intel and LinkedIn. Non-tech companies

Pacific Gas & Electric and Westfield Malls also made the Top 10.

Here's how the 10-largest owners of commercial property stacked up, including the total assessed value of their property holdings in Santa Clara County:

• Google, $9.54 billion.

• Campus Holdings, an Apple unit, $5 billion.

• Apple, $2.88 billion.

• Pacific Gas & Electric, $2.99 billion.

• Planetary Ventures (owned by Alphabet, which also owns Google), $1.56 billion.

• Cisco Technology, $1.56 billion.

• Westfield Malls, $1.53 billion.

• Applied Materials, $1.41 billion.

• Intel, $1.32 billion.

• LinkedIn, $1.24 billion.

If Apple and its Campus Holdings entity were combined, the total value of

Apple's commercial property holdings would be $7.88 billion,

Santa Clara County's property tax roll — which includes both secured real estate and unsecured items, such as a company's equipment — jumped to an all-time record high of $661.2 billion as of Jan. 1, the Assessor's Office reported.

The value of the county's property tax roll increased by 6.7% in 2023 compared with the 2022 reporting year, according to the county agency. This represents a slight slowdown in the annual increase compared to the 2022 reporting year.

Santa Clara County properties had a combined assessed value of $619.95 billion for 2022, which was an increase of 7% from 2021, when the property tax roll totaled $576.9 billion, the Assessor's Office reported.