Locals said Muhammad Khalil Hamamdeh, 55, was riding a horse pulling a cart when he was hit by the settler vehicle.
He was taken to hospital for treatment for moderate injuries, while his horse was also wounded.
It is unclear whether the incident was deliberate or accidental.
Israeli police who arrived at the scene requested that Hamamdeh present a license for having a horse-drawn cart.
In late October, Einas Khalil, five, died after being hit by a car driven by an Israeli settler near the central West Bank town of Sinjil.