The Government Property Lease Excise Tax (GPLET) is a tax incentive agreement negotiated between a private party and the City of Tempe.  Established in 1996 by the State of Arizona, GPLET is a way to stimulate development in commercial districts by temporarily replacing a building’s property tax with an excise tax.

Under the GPLET program, a government entity, in this case, the City of Tempe, owns a building and leases it out for private use.  The tenant, or prime lessee, pays an excise tax based on size and use instead of property tax based on value.  If the building is located in a single central business district, the government entity may abate the GPLET beginning when a Certificate of Occupancy is issued and lasting for eight years(A.R.S. 42-6209).  A GPLET lease agreement cannot last longer than twenty-five (25) years.

The government entity (in the case of a GPLET, also the “Lessor”) is responsible for recording the lease with the County Recorder and reporting the existence of the GPLET to the County Treasurer and the Arizona Department of Revenue within thirty days after entering into the lease (A.R.S. 42-6202).  The government entity is also responsible for calculating and levying the amount of the GPLET (also under A.R.S. 42-6202).  The County Treasurer collects the payment and disperses the revenue as proportionately described in A.R.S. 42-6205, with the majority going to school districts in the taxing jurisdictions in which the government property is located.  The County Assessor is responsible for reporting all GPLETs to the Department of Education, and for confirming the County Treasurer and Arizona Department of Revenue are aware of any new leases and/or any expiration of existing leases.

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Property / Prime Lessee: ICG1031 Hudson DST

Address: 707 S Farmer Ave

Lease and Land Improvement     Memorandum of Lease Assumption of Lease

 

 

Property / Prime Lessee: Bicycle Cellar

Address: 200 E 5^th St

Lease

 

 

Property / Prime Lessee: 5^th Street Market & Deli LLC

Address: 200 E 5^th St

Lease

 

 

Property / Prime Lessee: Urban Outfitters

Address: 545 S Mill Ave

Lease

 

 

Property / Prime Lessee:  Ten01 Owner (DE) LLC

Address: 1001 E Playa Del Norte Dr

Lease | Memo

 

 

Property / Prime Lessee:  ZARCALRES TEMPE LLC

Address: 111 W 6th St.

Lease | Memo

 

 

Property / Prime Lessee:  Tempe RI, LLC - Residence Inn by Marriott, LLC

Address: 510 S. Forest Ave

Lease

 

 

Property / Prime Lessee:  SOP 2100 RIO LLC

Address: 2114 S Freedom Way

Lease   Assumption of Lease

 

 

Property / Prime Lessee:  W-Buttes LLC

Address: 2000 W Westcourt Way

Lease

 

Property / Prime Lessee:  Richport Holdings LLC

Address: 65 S McClintock Dr

Lease

 

 

Property / Prime Lessee:  Mill Avenue Retail, LLC

Address: 730 S Mill Ave

Lease  Assumption of Lease

 

Property / Prime Lessee: PHVIF Tempe LLC

Address: 951 E Playa Del Norte Dr

Lease | Memo

 

 

Property / Prime Lessee: Tempe Sister City Corp

Address: 405 S Maple Ave

Lease

 

 

Property / Prime Lessee: Tempe Hotel Holdings (Homewood)

Address: 66 S. Rockford Dr.

Lease | Development Agreement

 

 

Property / Prime Lessee: Tempe Hotel Holding (Hilton)

Address: 2102 E Rio Salado

Lease | Development Agreement

 

 

Property / Prime Lessee: Boyer Rio 2100

Address: 2120 E Rio Salado

Lease

 

Property / Prime Lessee: SOP 2100 RIO, LLC

Address: 2116 S Freedom Way

Lease    Assumption of Lease

 

 

Property / Prime Lessee: Boyer Rio 2100 BME Office LLC LOT 11

Address: 56 S Rockford

Lease

 

 

Property / Prime Lessee: CH Tempe LLC LOT 9

Address: 2062 E Cameron Way

Lease 

 

 

Property / Prime Lessee: Seventh Street Tempe AZ Owner LLC

Address:  113 E 7^th St

Lease | Development Agreement | Amendment

 

 

Property / Prime Lessee: Oliver McMillan Hayden Ferry Landing LLC

Address: 260 E Rio Salado

Lease

 

 

Property / Prime Lessee: Target Corporation

Address: Marketplace Suite 120 

Lease

 

 

Property / Prime Lessee:  RS PHOENIX PORTFOLIO LLC

Address: 1870 W Rio Salado Pkwy

Lease

 

 

Property / Prime Lessee: Mirevista / Vestar TM - Lasndci LLC Miravista Holdings LLC

Address: Marketplace Lot 3

Lease

Address: Marketplace Lot 4

Lease

Address: Marketplace Lot 5

Lease

Address: Marketplace Lot 6

Lease

Address: Marketplace Lot 8

Lease

Address: Marketplace Lot 10

Lease

Address: Marketplace Lot 11

Lease

Address: Marketplace Lot 12

Lease

Address: Marketplace Lot 13

Lease 

Address: Marketplace Lot 15

Lease

Address: Marketplace Lot 16

Lease

Address: Marketplace Lot 17

Lease

Address: Marketplace Lot 18

Lease

Address: Marketplace Lot 19

Lease

Address: Marketplace Lot 20

Lease

Address: Marketplace Lot 21

Lease

Address: Marketplace Lot 22

Lease

Address: Marketplace Lot 23

Lease

Address: Marketplace Lot 24

Lease

 

 

Property / Prime Lessee: FDG Local Tempe Associates LLC

Address: 750 S Ash Ave

 

Lease |  Agreement |  Amendment

 

 

Property / Prime Lessee: Watermark Tempe I LLC, Lot 1

Address:  430 N Scottsdale Ave

 

Lease | Memo

 

 

Property / Prime Lessee: Watermark Tempe I LLC, Lot 3

 Address: 410 N Scottsdale Ave

 

Lease | Memo

 

 

Property / Prime Lessee: Boyer Rio 2100 East L.C

Address:  58 S River Dr

Lease

 

 

 

Property / Prime Lessee: Tellurian Development Lot 2

Address:  96 S Rockford Dr

 

Agreement A | Agreement B | Agreement C

 

 

 

Property / Prime Lessee: Fairfield Town Lake LLC

Address: 909 E Playa Del Norte

 Agreement | Lease

 

 

 

Property / Prime Lessee: 7th and University Tempe Owner LLC (The Canopy by Hilton Hotel)

Address: 108 E. University Dr 

 Agreement | Lease

 

 

Property / Prime Lessee: 979 Playa Del Norte LLC

Address: 999 E Playa Del Norte 

 Agreement | Lease

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Property / Prime Lessee: HICO 100 Mill LLC

Address: 100 S. Mill Ave. 

 Agreement | Lease

 

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Property / Prime Lessee: USPF/MDI BEAM ON FARMER, LP

Address:  433 S. Farmer Ave

Agreement | Lease | Amendment A | Amendment B | Amendment F | Amendment O

 

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"Our mission is to provide quality service to all Tempe taxpayers, and administer the tax code in a fair and equitable manner."

Tempe Tax & License	Office Address	Mailing Address
Monday - Friday, 8am - 5pm	City of Tempe	City of Tempe
(except City holidays)	Tax and License	Tax and License
Phone: 480-350-2955	20 E. 6th St., 3rd Floor	P.O. Box 5002
Fax: 480-350-8659	Tempe, AZ 85281	Tempe, AZ 85280
salestax@tempe.gov