Simon Property (SPG) Tax Rate (2009 - 2025)
Simon Property's (SPG) quarterly Tax Rate came in at 1.1% in Q4 2025, up 415.0% year-over-year from 0.21% in Q4 2024, and down 141.46% quarter-over-quarter from 2.65% in Q3 2025.
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Analysis
Simon Property (SPG) Tax Rate (2009 - 2025) Analysis & Trends
Simon Property (SPG) has reported Tax Rate for 17 consecutive years, with 1.1% the latest figure, recorded in Q4 2025.
- On a quarterly basis, Tax Rate rose 415.0% year-over-year to 1.1% in Q4 2025; TTM through Dec 2025 was 1.63%, a 56.0% increase from a year earlier, with the FY2025 full-year figure at 1.63%, up 56.0% from the prior year.
- Tax Rate was 1.1% for Q4 2025 at Simon Property, down from 2.65% in the prior quarter.
- Over five years, Tax Rate peaked at 16.3% in Q3 2021 and troughed at 5.25% in Q4 2024.
- A 5-year average of 4.24% and a median of 2.52% in 2023 frame the typical range for Tax Rate.
- Across the five-year window, Tax Rate soared 1493 bps in 2021 and tumbled 1453 bps in 2022, its largest moves.
- Over 5 years, Tax Rate stood at 12.27% in 2021, then slipped by 12 bps to 10.83% in 2022, then slumped by 32 bps to 7.34% in 2023, then slumped by 171 bps to 5.25% in 2024, then surged by 79 bps to 1.1% in 2025.
- The last three Tax Rate figures came in at 1.1% (Q4 2025), 2.65% (Q3 2025), and 6.86% (Q2 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Welltower | 165.94 Bn | 165.00 Bn | 1.39 Bn | -19.34% |
| 2 | Prologis | 126.84 Bn | 131.24 Bn | 2.41 Bn | 8.78% |
| 3 | Simon Property | 67.22 Bn | 68.48 Bn | 1.76 Bn | -1.10% |
| 4 | Realty Income | 53.47 Bn | 55.85 Bn | - | 6.51% |
| 5 | Public Storage | 50.86 Bn | 50.70 Bn | 1.20 Bn | 0.54% |
| 6 | Ventas | 44.55 Bn | 44.86 Bn | 1.73 Bn | -47.23% |
| 7 | Extra Space Storage | 28.52 Bn | 29.39 Bn | 642.43 Mn | 4.45% |
| 8 | Vici Properties | 26.41 Bn | 25.98 Bn | 1.05 Bn | -0.09% |
| 9 | Vivmark Residential | 23.37 Bn | 23.56 Bn | - | 0.34% |
| 10 | Invitation Homes | 16.02 Bn | 16.06 Bn | 705.34 Mn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | -1.10% |
| Sep 30, 2025 | 2.65% |
| Jun 30, 2025 | 6.86% |
| Mar 31, 2025 | -1.53% |
| Dec 31, 2024 | -5.25% |
| Sep 30, 2024 | 0.48% |
| Jun 30, 2024 | 0.93% |
| Mar 31, 2024 | 9.43% |
| Dec 31, 2023 | 7.34% |
| Sep 30, 2023 | 8.97% |
| Jun 30, 2023 | 2.38% |
| Mar 31, 2023 | -2.90% |
| Dec 31, 2022 | 10.83% |
| Sep 30, 2022 | 1.78% |
| Jun 30, 2022 | 5.54% |
| Mar 31, 2022 | -0.33% |
| Dec 31, 2021 | 12.27% |
| Sep 30, 2021 | 16.30% |
| Jun 30, 2021 | 11.63% |
| Mar 31, 2021 | -1.46% |
API Access
Simon Property Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=SPG&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "SPG", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=SPG&period=max&api_key=YOUR_API_KEY");
const data = await res.json();