Top 10 Taxpayers

WIN Waste Innovations and Square One Mall rank one and two in what they’ll pay Town of Saugus in 2022 property taxes

  So, who is the biggest taxpayer in Saugus this year?

  WIN Waste Innovations, formerly known as Wheelabrator Technologies, Inc. – owners of the trash-to-energy plant on Route 107, will wind up paying about $3.1 million in taxes this year. That is nearly $900,000 more than any other property owner.

  It was just three years ago that owners of the Square One Mall on Route 1 nosed out Wheelabrator for that distinction by close to $2,000, as both property owners paid more than $3 million. But in the years since the outbreak of the COVID-19 pandemic, the valuation of the mall properties has plummeted by close to $29.5 million, resulting in a tax bill of $839,404 less than what the owners paid back in 2019.

  Here are this year’s top 10 taxpayers in Saugus based on assessed valuation:

  1) Refuse Energy Systems Co.: Now known as WIN Waste Innovations (formerly Wheelabrator Technologies, Inc.), the operator of the incinerator at 100 Salem Turnpike (Route 107) – with its nine land parcels – has an assessed value of $123,964,998. The company will pay $3,083,009.50 in taxes this year.

  2) Mayflower Square One: The owner of the town’s shopping mall at 1201 Broadway (Route 1) is second on the 2022 list of assessed value at $87,992,400. Their taxes total $2,188,370.99.

  3) Gerondelis Foundation Inc.: The owners of the shopping mall and commercial land at 400 Lynn Fells Parkway and several restaurant buildings – including Kelly’s at 595 Broadway, has a 2022 assessed value of $48,736,680 – more than double of what it was three years ago ($19,167,220). It will pay $1,212,081.23 in property taxes this year – more than double ($494.130) of what it paid in 2019.

  4) AvalonBay Communities, Inc.: This apartment complex consisting of more than 500 units at 1 Founders Way is assessed at $90,816,400. Its 2022 taxes are $1,090,704.96.

  5) New England Power Co.: Adding up its electric transmission rows, buildings and personal property, the utility has a 2022 assessed value of $35,541,850. It will pay $883,925.81 in property taxes this year.

  6) Lowes Home Center, Inc. at 1500 Broadway has a 2022 assessed value of $20,533,380 with a total tax bill of $510,665.16 for this year.

  7) Shops at Saugus, LLC: The strip mall at 352, 356, 358 and 366 Broadway has a 2022 assessed value of $19,991,400. It will pay $497,186.12 in taxes this year.

  8) HD Development of Maryland: The retail business at 564 R Broadway has a 2022 assessed value of $18,434,420 and the owners will pay $458,464.03 in property taxes for 2022.

  9) Saugus Commons Associates: The apartment buildings at 48 and 77 Newhall Ave. have a total assessed value of $36,371,300. With a residential tax rate, the owners will pay $436,819.31 in property taxes this year.

  10) Federal Realty (Kmart): This strip mall at 156 Main St. has a 2022 assessed valuation of $16,927,600. The owners will pay $420,989.41 in taxes this year.

  (Editor’s Note: This information was provided by Acting Deputy Assessor Ron Keohane of the Town of Saugus Assessors Office.)