2021 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Table 7

Current Year and Nine Years Ago PRINCIPAL TAXPAYERS

2012

2021

Percentage of Total Tax Cap.

Percentage of Total Tax Cap.

2019/20

2011/12

Tax Cap.

Tax Cap.

Taxpayer

Type of Business

Value

Rank Value

Value

Rank

Value

MCP Shakopee LLC

Distribution

1,529,250 $

1

2.25%

Duke Realty Limited Partner. Manufacturing

947,903

2

1.39%

Rahr Malting

Grain Processing

874,073

3

1.28% 407,838 $

2

0.97%

Xcel Energy

Electrical Generation

751,166

4

1.10% 537,082

1

1.28%

Rosemount Inc

Manufacturing

699,544

5

1.03%

GEP X Addison LLC

Apartments

628,135

6

0.92%

Liberty Properties LP

Distribution

627,750

7

0.92%

J & J Minneapolis LLC

Manufacturing

599,250

8

0.88%

Seagate Technology LLC Manufacturing/Research

599,250

8

0.88% 399,250

3

0.95%

Lothenbach Properties

Warehouse/Manufacturing

599,250

8

0.88%

Shakkin LLC

Warehouse/Manufacturing

599,250

8

0.88%

St. Francis RMC

Health Care

358,500

4

0.85%

Shakopee Crossing LTD Retail

357,420

5

0.85%

Ryan Companies

Property Management

332,700

6

0.79%

Canterbury Park

Horse Racing

324,236

7

0.77%

Certainteed

Manufacturing

319,250

8

0.76%

Shakopee Valley Market

Retail

315,750

9

0.75%

Walmart

Retail

315,250

10

0.75%

8,454,821 $

12.41% 3,667,276 $

8.72%

Source: Scott County Auditor

150