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e <br />Ten Largest Taxpayers <br />The following table sets forth the 10 largest taxpayers in the County, based upon <br />assessed valuation as of January 1, 2004 (fiscal year ending September 30, 2005). <br />Taxpayer <br />Percent <br />Of Total <br />2005 Taxable <br />Type of Business Taxable Value Value) <br />Disney Vacation Development Inc. Resort $ 87,106,518 0.72% <br />Florida Power & Light Electric Utility 74,389,385 0.61 <br />Bellsouth Communications Telephone Utility 57,424,922 0.47 <br />I.R Mall Association Ltd. Regional Shopping Mall 53,842,380 0.44 <br />Windsor Properties Land Development 41,680,450 0.34 <br />John's Island Club, Inc. Club and Golf Course 35,832,632 0.29 <br />The New Piper Aircraft Aircraft Manufacturer 35,086,320 0.29 <br />Adult Commmunities Total Services Retirement Community 33,407,820 0.27 <br />Fel'lsmere Joint Venture Agricultural 31,059,035 0.25 <br />Wal-Mart Stores Inc. Retail 27 953 002 0.23 <br />Total <br />(1) Total taxable value $11,971,497,469 <br />Source: Indian River County Property Appraiser <br />$477,782,464 3.99 <br />Note: Values are established as of January 1 of the previous year, i.e., January 1, 2004, <br />taxable values apply to the fiscal year ending 2003. <br />23 <br />