J Magazine Fall 2017
The magazine of the rebirth of Jacksonville's downtown
The magazine of the rebirth of Jacksonville's downtown
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TOP PROPERTY<br />
ASSESSED<br />
VALUES<br />
BY CATEGORY<br />
Church<br />
First Baptist Church<br />
600 N. Main St.<br />
Assessed value: $15.99 million<br />
Taxable value: 0<br />
Commercial<br />
Bank of America Tower<br />
50 N. Laura St.<br />
Owner: Hertz Jacksonville<br />
One LLC<br />
Assessed value: $72.42 million<br />
Taxable value: $72.42 million<br />
Government<br />
Duval County Courthouse<br />
501 W. Adams St.<br />
Owner: City of Jacksonville<br />
Assessed value: $205.41 million<br />
Taxable value: 0<br />
Nonprofit<br />
Baptist Medical Center<br />
800 Prudential Drive<br />
Owner: Southern Baptist Hospital<br />
of Florida Inc.<br />
Assessed value: $204.02 million<br />
Taxable value: $5.85 million<br />
Other<br />
Group care/sanitarium/<br />
convalescent facility<br />
Owner and address are confidential<br />
Assessed value: $3.32 million<br />
Taxable value: 0<br />
Residential<br />
The Strand<br />
1401 Riverplace Blvd.<br />
Owner: Delorenzo Strand LLC<br />
Assessed value: $44.93 million<br />
Taxable value: $44.93 million<br />
SOURCE: 2016 Property Appraiser’s Office<br />
Pont Center raised the assessed value of the building from $1.9 million<br />
in 2013 to $12.4 million in 2016, but no taxes were assessed because<br />
the duPont Fund is a tax-exempt foundation.<br />
First Baptist Church Senior Executive Pastor John Blount said the<br />
church’s facilities include four parking garages, three worship auditoriums,<br />
a grade school for kindergarten<br />
through eighth grade<br />
and a music training institute for<br />
adults.<br />
He said the church’s weekly<br />
gatherings draw 6,000 people<br />
from around the region to Downtown.<br />
That, coupled with the<br />
church’s other programs, such as<br />
the school, adds “vibrancy” to the<br />
area around the church and supports<br />
nearby businesses.<br />
“A healthy, vibrant, inviting<br />
Downtown is essential for<br />
this daily pulse of life to spread<br />
throughout the region, to connect<br />
to the neighborhoods, to<br />
give a sense of unity and civic<br />
pride to those who call it home,”<br />
said Blount, who serves on the<br />
Downtown Vision board.<br />
Downtown Vision is specifically<br />
impacted by the heavy<br />
tax-exempt presence in the urban<br />
core. Those owners that<br />
don’t pay property taxes also aren’t<br />
required to pay the additional<br />
1.1 mil contribution to help<br />
fund Downtown Vision.<br />
Last year, the agency received<br />
$704,492 through the assessment<br />
paid by businesses in a 90-block<br />
area, according to the Tax Collector’s<br />
Office.<br />
Jake Gordon, Downtown Vision’s<br />
CEO, is thankful that many<br />
exempt businesses choose to pay<br />
the assessment, including the<br />
duPont Center, First Baptist, JEA<br />
and the JaxChamber.<br />
Also, the General Services Administration<br />
pays a fee for work<br />
Downtown Vision does around<br />
the Bryan Simpson U.S. Courthouse.<br />
Gordon said it is “similar” to the equivalent of a 1.1 mil contribution.<br />
Curry’s budget included an additional contribution that would<br />
match the full assessment on city-owned property, Gordon said. If approved<br />
by council, the $146,831 will be used to hire more ambassadors<br />
to drive Downtown Vision’s priority of keeping the urban core clean<br />
and safe.<br />
TOP 10 PROPERTY ASSESSED VALUES<br />
1. Duval County<br />
Courthouse<br />
501 W. Adams St.<br />
Owner: City of Jacksonville<br />
Assessed value: $205.41 million<br />
Taxable value: 0<br />
2. Baptist Medical Center<br />
800 Prudential Drive<br />
Owner: Southern Baptist Hospital of<br />
Florida<br />
Assessed value: $204.02 million<br />
Taxable value: $5.85 million<br />
3. EverBank Field<br />
1 EverBank Field Drive<br />
Owner: City of Jacksonville<br />
Assessed value: $166.28 million<br />
Taxable value: 0<br />
4. Bank of America Tower<br />
50 N. Laura St.<br />
Owner: Hertz Jacksonville One LLC<br />
Assessed value: $72.42 million<br />
Taxable value: $72.42 million<br />
5. Police Memorial<br />
Building<br />
501 E. Bay St.<br />
Owner: City of Jacksonville<br />
Assessed value: $71.49 million<br />
Taxable value: 0<br />
6. Wells Fargo Center<br />
1 W. Independent Drive<br />
Owner: Allegiance Jacksonville LLC<br />
Market value: $57.59 million<br />
Taxable value: $57.59 million<br />
7. Aetna Building<br />
841 Prudential Drive<br />
Owner: GV-IP Jacksonville Owner LLC<br />
Assessed value: $46.85 million<br />
Taxable value: $46.85 million<br />
8. EverBank Center<br />
301 W. Bay St.<br />
Owner: Amkin West Bay LLC<br />
Assessed value: $46.20 million<br />
Taxable value: $46.20 million<br />
9. Hyatt Regency<br />
Jacksonville Riverfront<br />
225 E. Coastline Drive<br />
Owner: Jacksonville Hotel 2014<br />
Purchaser LLC<br />
Assessed value: $45.60 million<br />
Taxable value: $45.60 million<br />
10. The Strand<br />
1401 Riverplace Blvd.<br />
Owner: Delorenzo Strand LLC<br />
Assessed value: $44.93 million<br />
Taxable value: $44.93 million<br />
JEFF DAVIS<br />
Marilyn Young was an editor at The Florida Times-Union in<br />
1998-2013 and was editor of the Financial News &<br />
Daily Record in Downtown in 2013-<strong>2017</strong>.<br />
GOVERNMENT<br />
NONPROFIT<br />
COMMERCIAL<br />
RESIDENTIAL<br />
SOURCE: 2016 Property Appraiser’s Office<br />
FALL <strong>2017</strong> | J MAGAZINE 25
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