City of Owatonna Budget Process
The City of Owatonna will hold its annual Truth-in-Taxation meeting December 3. Each taxing jurisdiction (the City, County and School District) holds a Truth-in-Taxation meeting annually to publicly present a summary of and receive input on their proposed budgets. The City Council is expected to adopt its final 2025 budget and levy at its December 17 meeting. Until the final budget is adopted, the City Council may lower it from the preliminary budget amount but cannot increase it.
The tax statements received by property owners from the County Auditor’s Office in November were created based on property tax valuations and the City’s proposed 2025 levy and budget. Property tax valuations were set in March and the public was invited to attend the annual Board of Appeal and Equalization meeting in April to provide input on valuations. Budgets for all three taxing jurisdictions are planned based, in part, on tax revenues calculated from these valuations.
Check out the City’s budget in an interactive document that can be found online at www.owatonna.gov/Finance. Community members are encouraged to provide input throughout the budget process by contacting a City Council member or the mayor. For questions regarding property valuations, taxes or property tax relief options, please contact the County Assessor’s Office at 507-444-7435.