2023 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Table 7

Current Year and Nine Years Ago PRINCIPAL TAXPAYERS

2014

2023

Percentage of Total Tax Cap.

Percentage of Total Tax Cap.

2022/23 Tax Cap.

2013/14

Tax Cap.

Taxpayer

Type of Business

Value

Rank Value

Value

Rank Value

MCP Shakopee LLC

Distribution

$ 1,699,250

1

2.43%

1,202,564

2

1.72%

Prologis/ Duke Realty Limited PManufacturing

Doran Canterbury I

Apartments

1,069,246

3

1.53%

Rahr Malting

Grain Processing

918,572

4

1.31% 426,194 $

2

1.10%

GEP X Addison LLC

Apartments

783,914

5

1.12%

J & J Minneapolis LLC

Manufacturing

760,758

6

1.09% 408,500

3

1.05%

Xcel Energy

Electrical Generation

753,014

7

1.08% 603,146

1

1.56%

Rosemount Inc

Manufacturing

750,306

8

1.07%

Shakkin LLC

Warehouse/Manufacturing

729,250

9

1.04%

Seagate Technology LLC Manufacturing/Research

642,240 10

0.92% 399,250

4

1.03%

Lothenbach Properties

Warehouse/Manufacturing

379,250

5

0.98%

St. Francis RMC

Health Care

358,500

6

0.92%

Canterbury Park

Horse Racing

323,760

7

0.83%

Certainteed

Manufacturing

319,250

8

0.82%

Valleyfair

Amusement Park

313,750

9

0.81%

Shakopee Crossing LTD Retail

310,170 10

0.80%

$ 9,309,114

13.31% 3,841,770 $

9.90%

Source: Scott County Auditor

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