2025 Budget for the City of Shakopee

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Community Profile

Market Value of Property: Last 10 Fiscal Years Shakopee is a growing city with substantial growth the past few years. Since 2016, spurred by growth the city has seen a taxable market value increase by about $4.5 billion (119.6%).

Market Value (In millions)

Fiscal Year

Estimated Taxable

2016 $ 2017 $ 2018 $ 2019 $ 2020 $ 2021 $ 2022 $ 2023 $ 2024 $ 2025 $

4,054 $ 4,251 $ 4,558 $ 4,824 $ 5,279 $ 5,750 $ 6,214 $ 7,369 $ 7,952 $ 8,682 $

3,843 4,034 4,343 4,614 5,064 5,540 6,045 7,216 7,782 8,439

Source: Property in the City is assessed annually. The assessed value is equal to market value, although taxable value may be different, as shown. Information is provided to the city from the Scott County Assessor's Office.