Van Buren, Hancock County, Ohio Property Taxes

Name: Property Tax Bills Across Van Buren, Hancock County, Ohio
Creator: Ownwell
License: https://creativecommons.org/licenses/by-nc/4.0/

Median VAN BUREN, OH effective property tax rate: 1.11%, significantly higher than the national median of 1.02%, but lower than the Ohio state median of 1.80%. Median VAN BUREN, OH home value: $229,445. Median annual VAN BUREN, OH tax bill: $2,538, $138 higher than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

Property taxes in VAN BUREN, OH are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.

Understanding VAN BUREN’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in VAN BUREN, knowing local tax details benefits homeowners and investors.

Last Updated March 1, 2025

Van Buren, Hancock County, Ohio Property Tax Bill Calculator

Property Assessed Value

$100,000

$1,500,000

$3,000,000

Median Effective Tax Rate

1.11%

Estimate Property Tax Bill

$2,547

$2,363

Ownwell’s Van Buren Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Van Buren with just two data points. By entering your property's estimated assessed value, our calculator applies Van Buren’s median effective tax rate to accurately estimate your property tax bill. Note that your property's assessed value — determined by your county — reflects any exemptions you may have, ensuring a precise calculation for your property tax obligations. This insightful tool helps you understand potential tax liabilities and highlights how Ownwell can assist in reducing property taxes in Hancock County. For those interested in more localized information, please scroll down to explore city-level trends!

Property Tax Rates Across Van Buren, Hancock County, Ohio

Local government entities in Ohio set property tax rates, which can vary significantly within the state. This variation occurs because each county annually estimates its budget requirements for services and divides that by the total value of all taxable properties within its jurisdiction, resulting in the property tax rate. Although votes and laws play a role in establishing tax rates and budgets, this is essentially the yearly process. In Van Buren, located in Hancock County, the effective property tax rate is 1.11%. This rate is higher than the national median property tax rate of 1.02%, reflecting the local government's budgetary needs and property values. When comparing Van Buren's rate to the rest of Ohio, it aligns with the state's median tax rate, demonstrating a consistency within the region. This comparison highlights the importance of understanding how local property tax rates are determined and the impact they have on property owners.

Property Tax Rates Across Van Buren, Hancock County, Ohio

Source: Ownwell

1.08%

1.49%

1.89%

Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.

Median Effective Van Buren Tax Rate

1.11%

Median Effective Hancock County Tax Rate

1.24%

Median Effective Ohio Tax Rate

1.80%

Median Effective United States Tax Rate

1.02%

Property Tax Rates Across Van Buren, Hancock County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45889	1.02%	1.10%	1.11%	1.19%	1.22%

Source: Ownwell

Property Tax Assessment Values Across Van Buren, Hancock County, Ohio

When examining property taxes in Van Buren, Ohio, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Hancock County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.

In Hancock County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of May. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Van Buren. For example, the median home price in Van Buren is $229,445, with tax bills ranging significantly across the county. Zip code 45889 has the highest median home price at $229,445.

Property Tax Assessment Values Across Van Buren, Hancock County, Ohio

Source: Ownwell

$14,160

$122,165

$230,170

Median Van Buren Market Value

$229,445

Median Hancock County Market Value

$151,760

Median Ohio Market Value

$133,400

Median United States Market Value

$235,294

Property Tax Assessment Values Across Van Buren, Hancock County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45889	$100,948	$146,950	$229,445	$315,815	$412,673

Source: Ownwell

Property Tax Bills Across Van Buren, Hancock County, Ohio

In Van Buren, Ohio, property tax bills are calculated based on the assessed value of a home, which is a percentage of its market value. The tax rate is applied to this assessed value to determine the annual tax bill. Several factors influence this, including property location, local tax rates, and any applicable exemptions. Homeowners in Van Buren face a median property tax bill of $2,538, aligning closely with the national median of $2,400. However, tax bills can vary significantly, ranging from $1,640 at the 25th percentile to $4,506 at the 90th percentile. This variability can impact homeowners' budgets, making it crucial to ensure their property is not over-assessed. Ownwell assists homeowners by providing expert property tax appeal services, potentially lowering their tax bills. By analyzing property assessments and comparable sales data, Ownwell identifies opportunities for savings, helping homeowners reduce their financial burden. This proactive approach ensures fair taxation, aligning property assessments more closely with actual market values.

Property Tax Bills Across Van Buren, Hancock County, Ohio

Source: Ownwell

$182

$1,369

$2,555

Median Van Buren Tax Bill

$2,538

Median Hancock County Tax Bill

$1,839

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Van Buren, Hancock County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45889	$1,093	$1,640	$2,538	$3,510	$4,506

Source: Ownwell