2022 Annual Comprehensive Financial Report

TAX CAPACITY AND ESTIMATED ACTUAL VALUE OF TAXABLE PROPERTY Last Ten Fiscal Years CITY OF SHAKOPEE

Table 5

Tax

Less: Fiscal

Capacity as a Percentage of

Less:

Net Adjusted

Total Direct

Estimated

Commercial Industrial

Fiscal Year

Residential Property (a)

Other

Tax Increment

Diparity

Tax

Market Value

Estimated

Property Property (b)

Property Contribution (c) Capacity (d)

Tax Rate

Market Value

2013 22,824,263 $

$ 17,577,547

$ 576,049

$ 107,928 1,878,033 $

$ 38,991,898

0.41996

$ 3,064,695,700

1.27%

2014 22,782,372

17,580,049

589,717

214,592 1,856,360

38,881,186

0.41437

3,206,518,700

1.21%

2015 26,419,959

18,769,230

625,872

408,172 2,068,024

43,338,865

0.37862

3,629,757,200

1.19%

2016 27,838,939

20,111,657

670,839

384,578 2,409,936

45,826,921

0.37902

3,843,037,400

1.19%

2017 28,199,409

23,224,857

608,016

827,765 2,219,811

48,984,706

0.38522

4,034,313,200

1.21%

2018 30,219,157

25,188,979 1,108,269

1,330,932 3,647,951

51,537,522

0.37212

4,341,199,500

1.19%

2019 32,113,022

27,026,224 1,084,001

1,657,341 3,923,222

54,642,684

0.34943

4,613,605,800

1.18%

2020 35,763,301

29,170,963 1,106,038

1,953,037 4,269,143

59,818,122

0.33965

5,063,434,500

1.18%

2021 38,756,283

32,123,467 1,819,208

2,554,354 5,102,644

65,041,960

0.32105

5,537,836,867

1.17%

2022 42,796,326

34,709,876 1,410,279

2,749,307 6,139,141

70,028,033

0.32111

6,044,797,135

1.16%

Source: Scott County Assesor/Auditor

By State Statute, property taxes are calculated and collected based on the prior year's assessor market value

(a) Includes single-family homes, townhouses, apartments and residential vacant land (b) Includes personal property, agricultural, railroad and utility classifications (c) Figure represents fiscal disparities contribution net of fiscal disparities distribution. The City of Shakopee is a net contributor. (d) Figure represents total tax capacity less net fiscal disparities. Note that total direct tax rate in the next column is calculated based on total tax capacity less fis disparities contribution and less tax capacity in TIF districts.

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