2025 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Table 7

PRINCIPAL TAXPAYERS

Current Year and Nine Years Ago

2025

2016

Percentage of Total Net

Percentage of Total Tax Cap.

2024/25

2015/16

Adj. Tax Cap.

Adj. Tax

Tax Cap.

Taxpayer

Type of Business

Value*

Rank Cap. Value

Value

Rank Value

MCP Shakopee LLC

Distribution

$ 1,227,034

1

1.27%

GEP X Addison LLC

Apartments

834,621

2 0.87%

Rahr Malting

Grain Processing

738,869

3 0.77% 443,141 $

3

0.96%

Stag Industrial Holdings LLC Warehouse/Manufacturing

680,722

4 0.71%

Shakkin LLC

Warehouse/Manufacturing

677,478

5 0.70% 399,250

7

0.86%

J & J Minneapolis LLC

Manufacturing

667,327

6 0.69% 449,000

2

0.97%

Soutwest Logistics Center, LLC Distribution

645,847

7 0.67%

IDP Dean Lakes B1 LLC

Warehouse/Manufacturing

609,471

8 0.63%

Seagate Technology LLC

Manufacturing/Research

571,537

9 0.59% 419,250

5

0.90%

Lothenbach Properties

Warehouse/Manufacturing

570,896 10 0.59% 399,250

7

0.86%

Xcel Energy

Electrical Generation

631,975

1

1.36%

Liberty Properties LP

Distribution

432,750

4

0.93%

Rosemount Inc

Manufacturing

399,470

6

0.86%

St. Francis RMC

Health Care

374,500

9

0.81%

Certainteed

Manufacturing

365,250

10

0.79%

$ 7,223,802

7.49% 4,313,836 $

9.30%

Source: Scott County Auditor

*Current year values are ranked by Adjusted Net Tax Capacity value, which are adjusted for tax increment and fiscal disparities. Values for the nine year comparison are ranked by Net Tax Capacity value and not adjusted for tax increment and fiscal disparities

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