More than $20 million in property taxes would be collected if the resort in Southern California were to be declared a tax shelter.
Glendale’s property tax bill could be $6.3 million, the Los Angeles Times reports.
That includes the county’s property-tax levy and an additional $3 million in county and city taxes.
But, that doesn’t include the additional $12 million the resort would have to pay in state taxes, or the city’s property taxes.
Glenbrooks has received a $10.5 million tax cut since the resort was created in 1996, but there’s still a $2 million property tax levy on property valued at $5.7 million.
Glendora’s tax bill would be a $9.6 million hit.
There’s no way to know how much the property tax would be if the city were to go to a different tax-exempt status.
It could be up to $40 million in the event the resort were to become a tax-free city.
The Los Angeles City Council voted in favor of tax exempt status last year.
Glenda is not alone in getting hit with tax bills for Glendale.
Glens Falls is also facing a $20-million hit from the tax-exemption that’s come with the resort’s new hotel.
The resort is the only one of its kind in New York and Illinois, according to The New York Times.