2018 City of Shakopee Comprehensive Annual Financial Report

CITY OF SHAKOPEE

Table 8

PROPERTY TAX LEVIES AND COLLECTIONS

Last Ten Fiscal Years

Ratio of Accumulated Delinquent

Percentage

Collections of Current Years Taxes

Percentage Collections

of Total

Accumulated Taxes to

Year

Tax

of Levy

of Prior

Total

Collections Delinquent

Current

Collected

Levy

Collected Years Taxes

Collections

To Tax Levy

Taxes

Years Taxes

2009

14,983,677 $

14,457,378 $

96%

157,920 $

14,615,298 $

98% 319,740 $

2.13%

2010

14,918,665

13,971,356

94%

55,020

14,026,376

94% 310,624

2.08%

2011

14,837,438

14,019,831

94%

278,981

14,298,812

96% 260,248

1.75%

2012

14,837,438

14,553,417

98%

188,750

14,742,167

99% 235,011

1.58%

2013

15,483,223

15,109,599

98%

279,485

15,389,084

99% 293,025

1.89%

2014

16,312,179

16,177,463

99%

-

16,177,463

99% 157,555

0.97%

2015

16,773,267

16,351,700

97%

-

16,351,700

97% 145,958

0.87%

2016

17,610,195

17,316,074

98%

41,140

17,357,214

99% 76,631

0.44%

2017

18,926,341

18,628,201

98%

-

18,628,201

98% 95,933

0.51%

2018

19,610,548

19,198,990

98%

43,706

19,242,696

98% 102,862

0.52%

Source: Scott County Auditor

1. The above data does not include tax increment districts. 2. The State of Minnesota cancelled $ 243,439 in 2008, $ 511,956 in 2009, $ 558,860 in 2010 and $ 595,572 in 2011 of annual aid payments to the City that were part of the tax levy.

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