Pandora, Hancock County, Ohio Property Taxes

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

Median Pandora, 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 Pandora, OH home value: $166,645
Median annual Pandora, OH tax bill: $1,292, $1,108 lower than the national median property tax bill of $2,400.

How are property taxes in Hancock calculated?

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

Last Updated March 1, 2025

Pandora, 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

$1,850

$1,717

Ownwell’s Pandora Property Tax Bill Calculator empowers homeowners, real estate investors, and potential buyers to estimate their annual property taxes in Pandora with just two data points. By entering your property's estimated assessed value, our calculator applies Pandora’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 Pandora, Hancock County, Ohio

Local government entities set tax rates, which can vary widely within a state. This is because each county annually estimates its required budget to provide services and divides that by the total value of all taxable property within its jurisdiction, resulting in the property tax rate. While there are votes and laws involved in setting tax rates and budgets, this is the annual process in a nutshell.

Pandora, located in Hancock County, Ohio, has an effective property tax rate that reflects this process. When compared to other cities in Ohio, Pandora's rate can provide insight into how property tax rates are shaped by local needs and resources. Ohio's median property tax rate is slightly higher than the national median, emphasizing the state's unique fiscal landscape. The national median property tax rate stands at 1.02%, while Ohio's median is 1.11%. This comparison highlights how Pandora's property tax rate fits within both state and national contexts, offering a perspective on the financial responsibilities of property owners. Understanding these nuances can help property owners make informed decisions about their investments and financial planning.

Property Tax Rates Across Pandora, 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 Pandora 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 Pandora, Hancock County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Rate	75th Percentile	90th Percentile
45877	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Assessment Values Across Pandora, Hancock County, Ohio

When examining property taxes in Pandora, 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 Auditor 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 April. 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 Pandora. For example, the median home price in Pandora is $166,645, with tax bills ranging significantly across the county.

Property Tax Assessment Values Across Pandora, Hancock County, Ohio

Source: Ownwell

$14,160

$122,165

$230,170

Median Pandora Market Value

$166,645

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 Pandora, Hancock County, Ohio

Zip	10th Percentile	25th Percentile	Median Home Price	75th Percentile	90th Percentile
45877	N/A	N/A	N/A	N/A	N/A

Source: Ownwell

Property Tax Bills Across Pandora, Hancock County, Ohio

In Pandora, located in Hancock County, OH, property tax bills are calculated based on the assessed value of a home, which is typically a percentage of the market value. The local property tax rate is then applied to this assessed value to determine the annual tax bill. For homeowners in Pandora, the 25th percentile tax bill is $956, while the 75th percentile reaches $2,105, and the 90th percentile can be as high as $3,245. Compared to the national median property tax bill of $2,400, Pandora's tax bills reflect a range that can be significantly lower or higher depending on the property's assessed value.

Several factors influence the tax bill, including changes in property values and local tax rates. For homeowners, these taxes can represent a substantial financial obligation. Ownwell assists by providing property tax appeal and exemption services, potentially helping homeowners reduce their tax bills. By reviewing assessments and identifying opportunities for appeals, Ownwell can effectively lower the financial burden, ensuring homeowners pay only their fair share.

Property Tax Bills Across Pandora, Hancock County, Ohio

Source: Ownwell

$182

$1,369

$2,555

Median Pandora Tax Bill

$1,292

Median Hancock County Tax Bill

$1,839

Median Ohio Tax Bill

$2,396

Median United States Tax Bill

$2,400

Property Tax Bills Across Pandora, Hancock County, Ohio

Zip	10th Percentile	25th Percentile	Median Tax Bill	75th Percentile	90th Percentile
45877	N/A	N/A	N/A	N/A	N/A

Source: Ownwell