Takeda Pharmaceuticals paid more than $22 million in property taxes on its Deerfield headquarters. | Clark Construction
Takeda Pharmaceuticals paid more than $22 million in property taxes on its Deerfield headquarters. | Clark Construction
Takeda Pharmaceuticals, shuttering its Lake County U.S. headquarters and moving 1,000 jobs to Boston, saw its property tax bill rise 66 percent over the last decade, from $1.37 million in 2008 to $2.28 million last year, according to the Lake County Treasurer's office.
That's down from a high of $2.7 million in 2012.
In all, the company has paid more than $22 million in property taxes on his since 2008 on its 380,000 square foot tower that straddles Lake Cook Road and Interstate 294 in Deerfield.
It was the fourth highest corporate property taxpayer in Lake County, after Abbott Laboratories ($9.2 million), Gurnee Mills Shopping Center ($4.8 million) and Vista Medical Center East in Waukegan ($2.9 million).
The tower cost Takeda $63 million to build in 2006, according to its builder, Clark Construction Group of Bethesda, Maryland. The company bought the 70 acre site from Deerfield-based Baxter Pharmaceuticals in 2002. It previously had an office in nearby Lincolnshire.
Then-Governor Rod Blagojevich gave Takeda $15 million in state tax credits to guarantee 500 jobs at the site, the largest tax credit deal granted during his tenure.
Based in Osaka, Japan, Takeda is the largest pharmaceutical company in Asia. It first expanded to the U.S. in 1977, entering a joint venture with Lake Bluff-based Abbott Laboratories called TAP Pharmaceuticals.
It was dissolved in 2008.
--
Overtaxed Takeda?
How much did Takeda Pharmaceuticals pay in property taxes on its Deerfield headquarters?
| Year | Property Tax Bill |
| 2008 | $1,370,341 |
| 2009 | $1,396,835 |
| 2010 | $2,014,981 |
| 2011 | $2,597,839 |
| 2012 | $2,747,996 |
| 2013 | $2,541,009 |
| 2014 | $2,581,301 |
| 2015 | $2,407,180 |
| 2016 | $2,302,311 |
| 2017 | $2,275,009 |
| TOTAL | $22,234,802 |
Alerts Sign-up