2026 Budget for the City of Shakopee

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Community Profile

Market Value of Property: Last 10 Fiscal Years Shakopee is a growing city with substantial growth the past few years. Since 2017, spurred by growth the city has seen a taxable market value increase by about $4.6 billion (115.6%).

Market Value (In millions)

Fiscal Year

Estimated

Taxable $ 4,034 $ 4,343 $ 4,614 $ 5,064 $ 5,540 $ 6,045 $ 7,216 $ 7,782 $ 8,285 $ 8,697

2017 $ 4,251 2018 $ 4,558 2019 $ 4,824 2020 $ 5,279 2021 $ 5,750 2022 $ 6,214 2023 $ 7,369 2024 $ 7,952 2025 $ 8,532 2026 $ 8,914

Source: Property in the City is assessed annually. The assessed value is equal to market value, although taxable value may be different, as shown. Information is provided to the city from the Scott County Assessor's Office.