2026 Budget for the City of Shakopee

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For the city of Shakopee, the total residential taxable market value increased 4.9 percent (includes new construction), the majority of homes (93%) are seeing very little change in their values (increase/decrease by less than the 5.0 percent). A breakdown of the value changes is provided below.

Number of Residential Properties Residential Impacts - Shakopee

Increase/Decrease Estimated Market Value Value Range

Percentage of

Total

+15.01+%

187

1%

+10.01-15.00% 70

1%

+5.01-10.00% 693

5%

+0.01-5.00% 7,773

59%

No Change

503

4%

-0.01-5.00% 3,900

30%

-5.01 - 10.00% 12

0%

-10.00 - 15.00% 3

0%

-15.01% +

2 0% 13,143 100%

Net Tax Capacity

Class

Payable 2025

Payable 2026

Change (%)

Agricultural Apartment Commercial

$372,853 8,736,702 14,678,599 35,164,710

$476,572 9,668,496 15,196,748 36,290,770

27.8% 10.7%

3.5% 3.2% 0.2% 5.1% 0.0%

Industrial

Public Utility/Railroad

721,249

722,401

Residential

50,000,427

52,533,250

Other

39,220

39,221

Adj. to match county report

-

(146,997)

Gross Tax Capacity

$109,713,760

$114,780,461

4.6%

Adjustments: Tax Increment

($3,842,380) (17,905,859) $87,965,521

($4,395,026) (20,022,701) $90,362,734

14.4% 11.8%

Fiscal Disparity Contribution

Net Tax Capacity

2.7%

Fiscal Disparity Distribution

($8,458,436)

($8,316,317)

1.7 %

The total net tax capacity of the city is estimated at $90,362,734 compared to $87,965,521 in 2025, which is an increase of $2,397,213 (2.7%).