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The MOA is the 2nd-most taxed U.S. building outside of New York

The megamall pays tens of millions of dollars in taxes each year.
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It's the biggest tourist attraction in Minnesota and largest shopping center in the country, so it's no surprise that Mall of America is one of the highest taxed buildings in the U.S.

The Bloomington megamall comes in at No. 25 in Commercial Cafe's rankings of the country's most taxed buildings, with its annual property taxes just topping $30 million.

That makes it the second-highest taxed building that's not in New York, behind only the Exelon nuclear plant in Byron, Illinois.

New York dominates the list, with the General Motors building in Manhattan topping the list with an annual tax bill of $71 million.

Of the top 100 listed by Commercial Cafe, only 15 of them are outside of the Big Apple.

The website points out the Mall of America's vast size plays a big role in its tax bill, noting it's big enough to fit "seven Yankee stadiums, 347 Statues of Liberty or 43 Boeing 747s inside."

The mall has continued to grow, with recent expansions allowing it to reclaim its title as the biggest mall in the country. It is also planning to add an additional one million square feet of space through a luxury wing called "The Collections at MOA," as the Star Tribune reported.

The Pioneer Press reported the City of Bloomington hasn't seen much tax money from the mall since it opened in 1992, with all taxes up until recently diverted back into public infrastructure costs to support the mall.

But the agreement to do this expires over the next two years, so it will start seeing some more of the tax money and, in turn, could reduce property taxes for local residents.

The mall represents about 10 percent of the city's tax base, the newspaper notes.

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