Shakopee sets its 2027 levy: about $52 more a year on a median $375,300 home
The Shakopee City Council adopted its maximum 2027 property tax levy on Tuesday, Sept. 15, on a voice vote, according to the meeting video. The staff report says that for the median value home, which rose 3.9% to $375,300, a property owner would see an increase of $52 a year in city property taxes, and that a home with no change in value would see an $8 increase.
The resolution sets the proposed maximum levy at $30.15 million. The staff report puts that at an increase of $1,933,840, or 6.85%, from last year, says the levy was reduced from 8.65% since the council’s Aug. 18 review, and puts the city’s tax rate at an estimated 29.16%, up from 28.94%.
In the levy analysis, general fund operations excluding fire add $958,310, a 3.40% levy impact, and the Fire Department $975,530, a 3.46% levy impact. The memo says the city moved to full-time, 24/7 coverage at both city-owned fire stations in 2026, and that the 2027 levy takes on the second-year local match for the federal SAFER grant that subsidized hiring 12 new full-time firefighters in March 2026.
The item also asks the council to approve the $550,000 2027 Economic Development Authority levy the EDA approved Sept. 1. Resolution R2026-127 would cancel debt service levies of $344,359.28 for the 2022A improvement bonds and $47,165.31 for the 2016A tax abatement bonds.
The city must certify the preliminary levy to Scott County by Sept. 30, and the final levy cannot exceed it.
What's next: Under the proposed resolution the public input meeting on the levy and budget is set for Tuesday, Dec. 1, at 7 pm at City Hall, 485 Gorman Street, where the council also reviews the final levy. The final budget and levy are expected at the Dec. 15 council meeting.
I also run PriorLake.RealEstate, which has an interest in housing and property tax news.