Taxes & Insurance in Owatonna
Owatonna carries a real, well-above-national-median 1.41% effective property tax rate for its Steele County portion, Minnesota's 4-bracket progressive income tax, and Minnesota's real, statewide 2025 homeowners-insurance rate spike.
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Learn moreA property tax rate well above the national and state medians
Owatonna's median effective property tax rate (1.41%, Ownwell) runs well above both the 1.02% national median and Minnesota's own 1.11%-1.13% statewide median figures -- genuinely one of the higher rates found across this Minnesota Tier B batch.
A real, disclosed county-line tax disparity within the same city
A small portion of Owatonna extends into neighboring Dodge County, where Ownwell cited a materially lower effective rate (0.53%) and median annual bill ($1,862) -- confirm which county your specific target address falls in before budgeting.
Minnesota's 4-bracket income tax, with no local piggyback
Minnesota's real, progressive state income tax (5.35%, 6.80%, 7.85%, and a top 9.85% over $193,240 for single filers, 2026) applies in Owatonna exactly as it does statewide -- and Minnesota has no local/county piggyback income tax layer.
Minnesota's real, statewide 2025 insurance rate spike
No Owatonna-specific homeowners-insurance premium figure distinct from Minnesota's own statewide figures was found this pass. Minnesota's real 34% statewide rate increase in 2025 (the steepest of any state nationally, hail-driven) and its $2,200-$3,654/year statewide average range both apply.
Key takeaways
- Owatonna's 1.41% effective property tax rate (Steele County) runs well above the national and state medians.
- A small Dodge County-side sliver of the city carries a materially lower 0.53% rate.
- Minnesota's 4-bracket progressive income tax (5.35%-9.85%) applies with no local piggyback layer.
- Minnesota's real, statewide 34% 2025 homeowners-insurance rate spike applies here as elsewhere in the state.
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