List of Largest Taxpayers

2001 - 2006

2006 TOP 10 TAXPAYERS
xx	TAXPAYER	TYPE OF BUSINESS	TAXABLE VALUE	% OF TOTAL
**	***********	*************	************	*******
1	Pfizer	Pharmaceuticals	$222,976,534	4.98%
2	Briarwood	Shopping Center	$38,891,632	0.87%
3	Detroit Edison	Utility	$33,044,692	0.74%
4	Arborland	Shopping Center	$29,604,200	0.66%
5	Great Lakes REIT	Office Building	$20,874,300	0.47%
6	Geddes Lake Co-op	Co-Op Housing	$18,794,447	0.42%
7	Windemere Park Apt.	Apartments	$17,520,000	0.39%
8	McKinley Assoc..	Apartments	$16,599,036	0.37%
9	Village Co-Op	Co-Op Housing	$14,773,312	0.33%
10	Mich. Con Gas Co.	Utility	$14,085,700	0.31%
xx	xxxxxxxxxxxx	Top 10 Total	$427,163,853	9.53%

2005 TOP 20 TAXPAYERS
xx	TAXPAYER	TYPE OF BUSINESS	TAXABLE VALUE	% OF TOTAL
**	***********	*************	************	*******
1	Pfizer	Pharmaceuticals	$215,403,800	5.10%
2	Briarwood	Shopping Center	$37,649,209	0.89%
3	Detroit Edison	Utility	$29,091,101	0.69%
4	Arborland	Shopping Center	$21,340,831	0.51%
5	Geddes Lake Co-op	Co-Op Housing	$17,681,124	0.42%
6	Windemere Park Apt.	Apartments	$17,520,000	0.41%
7	McKinley Assoc..	Apartments	$16,068,769	0.38%
8	Great Lakes REIT	Office Building	$15,710,000	0.37%
9	Village Co-Op	Co-Op Housing	$14,263,405	0.34%
10	Mich. Con Gas Co.	Utility	$13,367,000	0.32%
11	Glacier Hills	Senior Housing	$12,992,184	0.31%
12	Phoenix Drive LLC	Corporate Headquarters	$12,330,409	0.29%
13	Botanical Gardens Assoc	Apartments	$11,922,103	0.28%
14	EQR-Fancap	Apartments	$11,266,948	0.27%
15	Burlington Property LLC	Office Building	$11,185,215	0.26%
16	Signature Villas	Apartments	$10,591,889	0.25%
17	Arbor Landings	Apartments	$10,581,417	0.25%
18	Arbor Lake Village	Apartments	$10,299,731	0.24%
19	Greenbrier Apartments	Apartments	$9,344,582	0.22%
20	South State Commons	Office Building	$9,265,226	0.28%
xx	xxxxxxxxxxxx	Top 20 Total	$507,874,943	9.86%
xx	xxxxxxxxxxxx	Total Taxable Value	$4,225,708,382	xxxxxxx

2004 TOP 15 TAXPAYERS
xx	TAXPAYER	TYPE OF BUSINESS	TAXABLE VALUE	% OF TOTAL
**	************	*************	***********	*******
1	Pfizer	Pharmaceuticals	$224,860,500	5.56%
2	Briarwood	Shopping Center	$35,983,118	0.89%
3	Detroit Edison	Utility	$27,210,016	0.67%
4	Arborland	Shopping Center	$16,607,585	0.51%
5	Geddes Lake Co-op	Co-Op Housing	$16,607,585	0.41%
6	McKinley Assoc	Apartments	$15,983,899	0.40%
7	Windemere Park Apt.	Apartments	$14,323,791	0.35%
8	Village Co-Op	Co-Op Housing	$13,712,198	0.34%
9	Mich. Con Gas Co.	Utility	$13,712,198	0.34%
10	Glacier Hills	Senior Housing	$12,700,083	0.31%
11	Phoenix Drive LLC	Corporate Headquarters	$11,787,811	0.29%
12	Botanical Gardens Assoc	Apartments	$11,392,048	0.28%
13	Burlington Property LLC	Office Building	$11,045,534	0.27%
14	EQR-Fancap	Apartments	$11,013,636	0.27%
15	Great Lakes REIT	Office Building	$10,516,437	0.26%
xx	xxxxxxxxxxxxx	Top 15 Total	$447,456439	12.14%
xx	xxxxxxxxxxxxx	Total Taxable Value	$4,033,493,468	xxxxxxxx

2003 TOP 20 TAXPAYERS
xx	TAXPAYER	TYPE OF BUSINESS	TAXABLE VALUE	% OF TOTAL
**	***********	************	***********	******
1	Pfizer	Pharmaceuticals	$200,365,900	5.22%
2	Briarwood	Shopping Center	$35,975,316	0.94%
3	Detroit Edison	Utility	$27,022,655	0.70%
4	Arborland	Shopping Center	$19,733,504	0.51%
5	Geddes Lake Co-op	Co-Op Housing	$15,862,230	0.41%
6	McKinley Assoc	Apartments	$15,354,353	0.40%
7	Windemere Park Apt.	Apartments	$14,001,751	0.37%
8	Village Co-Op	Co-Op Housing	$13,153,339	0.34%
9	Mich. Con Gas Co.	Utility	$12,437,000	0.32%
10	Glacier Hills	Senior Housing	$12,414,549	0.32%
11	Phoenix Drive LLC	Corporate Headquarters	$11,782,197	0.31%
12	Botanical Gardens Assoc	Apartments	$11,392,048	0.30%
13	Burlington Property LLC	Office Building	$10,797,200	0.28%
14	EQR-Fancap	Apartments	$10,766,019	0.28%
15	Great Lakes REIT	Office Building	$10,279,998	0.27%
16	Signature Villas	Apartments	$10,120,971	0.26%
17	Arbor Landings	Apartments	$10,110,965	0.26%
18	Arbor Lake Village Apt.	Apartments	$9,841,803	0.26%
19	Comcast	Utility	$7,270,600	0.19%
20	Ann Arbor Harbor Club	Apartments	$7,056,207	0.18%
xx	xxxxxxxxxxxxxx	Top 20 Total	$465,738,605	12.14%
xx	xxxxxxxxxxxxxx	Total Taxable Value	$3,834,978,133	xxxxxxxx
2002 TOP 20 TAXPAYERS
xx	TAXPAYER	TYPE OF BUSINESS	TAXABLE VALUE	% OF TOTAL
**	************	**************	************	*******
1	Pfizer	Pharmaceuticals	$177,130,700	4.81%
2	Briarwood	Shopping Center	$35,443,662	0.96%
3	Detroit Edison	Utility	$26,696,715	0.73%
4	Geddes Lakes REIT	Office Building	$19,943,677	0.54%
5	Arborland	Shopping Center	$19,441,876	0.53%
6	Geddes Lake Co-Op	Co-Op Housing	$15,123,322	0.41%
7	McKinley Assoc	Apartments	$15,120,844	0.41%
8	Windemere Park Apt.	Apartments	$13,794,829	0.37%
9	Mich. Con Gas Co.	Utility	$13,143,800	0.36%
10	Village Co-Op	Co-Op Housing	$12,532,840	0.34%
11	Phoenix Drive LLC	Corporate Headquarters	$11,608,077	0.32%
12	Botanical Gardens Assoc	Apartments	$11,223,695	0.31%
13	Comcast	Cable Television	$10,653,488	0.29%
14	EQR-Fancap	Apartments	$10,606,917	0.29%
15	3300 Plymouth Rd Corp	Office Building	$10,348,730	0.28%
16	Signature Villas	Apartments	$9,971,400	0.27%
17	Arbor Landings	Apartments	$9,961,542	0.27%
18	Arbor Lake Village Apt.	Apartments	$9,696,358	0.26%
19	Bella Costa	Apartments	$7,915,883	0.22%
20	Great Lakes Bancorp	Office Building	$7,887,726	0.21%
xx	xxxxxxxxxxxxxx	Top 20 Total	$448,246,081	12.18%
xx	xxxxxxxxxxxxxx	Total Taxable Value	$3,679,656,241	xxxxxxxx
2001 TOP 20 TAXPAYERS
xx	TAXPAYER	TYPE OF BUSINESS	TAXABLE VALUE	% OF TOTAL
**	************	**************	************	*******
1	Pfizer	Pharmaceuticals	$129,479,500	3.77%
2	Briarwood	Shopping Center	$34,541,936	1.01%
3	Detroit Edison	Utility	$28,750,249	0.84%
4	Geddes Lakes REIT	Office Building	$19,581,081	0.57%
5	Arborland	Shopping Center	$18,839,028	0.55%
6	McKinley Assoc	Apartments	$14,651,984	0.43%
7	Geddes Lakes Co-Op	Co-Op Housing	$14,213,468	0.41%
8	Mich. Con Gas Co.	Utility	$13,302,000	0.39%
9	Comcast	Cable Television	$12,879,100	0.38%
10	EQR-Fancap	Apartments	$12,462,800	0.36%
11	Windemere Park Apt.	Apartments	$12,371,536	0.36%
12	Village Co-Op	Co-Op Housing	$11,844,776	0.35%
13	Phoenix Drive LLC	Corporate Headquarters	$11,312,757	0.33%
14	W.C. Martin	Office Building	$11,286,711	0.33%
15	Botanical Gardens Assoc	Apartments	$10,875,679	0.32%
16	ERIM of Michigan	Office Buildings	$10,027,840	0.29%
17	Signature Villas	Apartments	$9,747,200	0.28%
18	Arbor Landings	Apartments	$9,652,657	0.28%
19	Arbor Lake Village Apt.	Apartments	$9,395,696	0.27%
20	Bella Costa	Apartments	$7,670,430	0.22%
xx	xxxxxxxxxxxxxx	Top 20 Total	$402,886,428	11.74%
xx	xxxxxxxxxxxxxx	Total Taxable Value	$3,430,589,836	xxxxxxxx