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With new businesses cropping up, new
shopping centers planned or underway,
new subdivisions around each corner, new
names keep popping into the top ten list
of Wake Forest taxpayers.
In 2005, the name that
topped the list at number one was WR of
Wake Forest LLC, the owner of the Wal-mart
Superstore on South Main Street. The
assessed value for the property – the
store and two other parcels in Wake
Pointe shopping center – is $20.8
million with a tax bill of $112,484.28.
WR of Wake Forest was incorporated in
North Carolina in 2003 by WRS Inc., a
partnership led by T. Scott Smith of
Aiken, S.C.
Time Warner Entertainment,
the cable company, leaped from number 11
in 2004 to number two in 2005 because
its property increased from $6.8 million
to $19.9 million. The increase had to
come from cable and other improvements
because the two listed properties, land
on Harris Road and the office on South
White Street, remained the same.
Number three on the list is
not a new name. KF US-1 LLC headed the
list in 2004 and been among the top ten
for years. The corporation owns Caveness
Farms Apartments on Capital Boulevard,
and its principals are David Falk of
Drucker & Falk in Raleigh and Bernard
Kayden of New York State. The assessed
value for 2005 was $16.5 million.
2005 should be the last year
Weavexx is on the list since the
buildings have been razed and the land
filled to make way for a car dealership.
But in 2005 it was still listed with a
$13 million value. Weavexx does continue
to lease office space in Wake Forest.
Lowes Home Center was number
five on the list in 2004, its first year
of operation, and remains at the same
spot with a $13 million value. It’s
big-box rival – Home Depot on Retail
Drive across Capital Boulevard – is
number 17 with a value of $6 million.
Number six on the top ten
list is Target Corporation for the
Target Superstore on Retail Drive valued
at $12.5 million.
Number seven is MLC
Automotive LLC, Michael Leith’s
corporation which owns the Chris Leith
Dodge dealership on Star Road and leases
the land for the Kia dealership at the
corner of South Main and Capital
Boulevard. The assessed value rose from
$7.6 million in 2004 to $11.4 million in
2005.
Granite Properties &
Management, a partnership between Jim
Adams, the Wake Forest developer, and
Ken Goetze of Zebulon, is number eight
on the list. At the beginning of 2005
the company owned $11.2 million in
apartment buildings in Flaherty Farms
subdivision, but those were sold in 2005
to a new corporation, Flaherty Farms LLC,
created by Adams and Goetze.
Number nine is a newcomer to
the top ten, The Factory LLC, valued at
$9.8 million. The company running the
former Athey streetsweeper plant was
formed by Jeff Ammons of Wake Forest and
James Lucas of Chapel Hill.
Rounding out the top ten is
Carolina Telephone with assets of $8.3
million, an increase since last year
when its assets were worth $6.9 million.
At the beginning of each
year the county lists the top 50
taxpayers for Wake County and for each
municipality for the previous year along
with a number of reports.
All of the information about
Wake Forest, as well as Wake County and
its other municipalities, in available
at
http://www.wakegov.com under Tax,
Property & Deeds. For information about
the property owners, go to
http://www.secretary.state.nc.us and
search under corporations. |
