2024 Annual Comprehensive Financial Report

CITY OF SHAKOPEE

Table 7

PRINCIPAL TAXPAYERS

Current Year and Nine Years Ago

2024

2015

Percentage of Total Net

Percentage of Total Tax Cap.

2023/24

2014/15 Tax Cap.

Adj. Tax Cap.

Adj. Tax

Taxpayer

Type of Business

Value*

Rank Cap. Value

Value

Rank Value

MCP Shakopee LLC

Distribution

$ 1,223,406

1

1.32%

GEP X Addison LLC

Apartments

863,721

2 0.93%

Rahr Malting

Grain Processing

753,833

3 0.81% 447,112 $

3 1.03%

Shakkin LLC

Warehouse/Manufacturing

619,949

4 0.67%

J & J Minneapolis LLC

Manufacturing

609,817

5 0.66% 449,000

2 1.03%

Seagate Technology LLC

Manufacturing/Research

589,714

6 0.64% 419,250

4 0.96%

Soutwest Logistics Center, LLC Distribution

577,450

7 0.62%

Lothenbach Properties

Warehouse/Manufacturing

570,651

8 0.62% 399,250

5 0.92%

Xcel Energy

Electrical Generation

514,444

9 0.56% 625,521

1 1.44%

EXETER 2101 4th LLC

Warehouse/Manufacturing

484,760 10 0.52%

St. Francis RMC

Health Care

374,500

6 0.86%

Certainteed

Manufacturing

365,250

7 0.84%

Shakopee Station LLC

Retail

353,200

8 0.81%

Canterbury Park

Horse Racing

340,760

9 0.78%

Valleyfair

Amusement Park

323,250 10 0.74%

$ 6,807,745

7.35% 4,097,093 $

9.41%

Source: Scott County Auditor

*Current year values are ranked by Adjusted Net Tax Capacity value, which are adjusted for tax increment and fiscal disparities. Values for the nine year comparison are ranked by Net Tax Capacity value and not adjusted for tax increment and fiscal disparities

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