Pros and Cons of Living in Owatonna

Owatonna's core trade-off pairs a genuinely favorable crime picture and a real, diversified employer base against a property tax rate that runs well above the national median.

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Pro: a genuinely, consistently favorable crime picture

Owatonna's crime data ran favorably across every independent source this pass reviewed -- a real, notable contrast to the genuinely mixed pictures documented for Inver Grove Heights and Winona in this same Minnesota batch.

Pro: a real, dense concentration of manufacturing and insurance employers

Federated Insurance and Viracon's dual headquarters presence, alongside Bosch, Jostens, and Daikin Industries, anchor Steele County's real, documented status as Minnesota's highest-concentration manufacturing-jobs county.

Con: a property tax rate well above the national median

Owatonna's 1.41% effective property tax rate for its Steele County portion runs well above both the national median and Minnesota's own statewide median -- the highest tax bill found anywhere within Steele County this pass.

Con: a real, disclosed within-city county-line tax disparity

A small Dodge County-side sliver of Owatonna carries a materially lower effective rate (0.53%) than the rest of the city (1.41%) -- a real, address-specific complication for precise tax budgeting.

Key takeaways

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Last reviewed: 2026-08-27. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.