Apple has been at odds with California’s Santa Clara County over the value of its property. As the local newspaper San Francisco Chronicle reports, Apple evaluates a cluster of properties around its brand-new Apple Park at just $200. Santa Clara County’s tax assessor says the properties are worth $1 billion, according to Russia Today.
Since 2004, Apple has appealed tax assessments in Santa Clara County 489 times. In total, according to the newspaper’s report, the tech giant has disputed taxes on $8.5 billion in property value. Apple Inc. is the largest taxpayer in the county, paying $56 million in tax year 2017-18.
Apple CEO Tim Cook has said the iPhone producer pays its taxes properly. “In every country where we operate, Apple follows the law and we pay all the taxes we owe,” Cook said in an open letter in 2016.