2025 Budget for the City of Shakopee

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City Tax Rates The tax levy and market value estimates are expected to have a minimal impact on the city’s tax rate, slightly increasing from 27.402 percent to 27.734 percent.

Median Value Home The value of the median value home has increased from $338,400 to $350,700 over the past year. This is an increase of $12,300 (3.6%). The chart on the next page provides information on the median value home and city property taxes paid since 2020. The orange bar and amounts on the left axis represent the median value home.