Simon Property (SPG) Tax Rate (2009 - 2025)

Simon Property (SPG) has reported Tax Rate for 17 consecutive years, with 1.1% the latest figure, recorded in Q4 2025.

• In Q4 2025, Tax Rate rose 419.0% year-over-year to 1.1%; the TTM figure through Dec 2025 stood at 1.95% (up 89.0% YoY), while the FY2025 annual figure was 2.59%, up 153.0% from the prior year.
• Tax Rate slipped to 1.1% in Q4 2025 per SPG's latest filing, from 2.65% in the prior quarter.
• Across five years, Tax Rate topped out at 24.22% in Q2 2025 and bottomed at 5.29% in Q4 2024.
• Historically, Tax Rate has averaged 5.11% across 5 years, with a median of 2.52% in 2023.
• Annual changes were most pronounced in 2022 — Tax Rate slumped 1453 bps — and 2025, when it soared 2329 bps.
• Simon Property's Tax Rate stood at 12.27% in 2021, then declined by 12 bps to 10.83% in 2022, then slumped by 32 bps to 7.34% in 2023, then tumbled by 172 bps to 5.29% in 2024, then jumped by 79 bps to 1.1% in 2025.
• Business Quant data shows SPG's Tax Rate at 1.1% in Q4 2025, 2.65% in Q3 2025, and 24.22% in Q2 2025.