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martAsset, a financial advising company, analyzed real estate taxes in relation to housing value in 342 cities with populations over 100,000. Nevada cities performed well overall, with two cities ranking among the top 10 for lowest taxes relative to housing value. Here's a breakdown of the cities with the lowest and highest real estate taxes.

    The top 10 cities with the lowest real estate taxes are:

    1. Honolulu, Hawaii (0.28% of home value paid in annual taxes)

    2. Scottsdale, Arizona (0.32%)

    3. San Tan Valley, Arizona (0.35%)

    4. Mesa, Arizona (0.35%)

    5. Sunrise Manor, Nevada (0.36%)

    6. Surprise, Arizona (0.37%)

    7. Paradise, Nevada (0.39%)

    8. Montgomery, Alabama (0.40%)

    9. Gilbert town, Arizona (0.40%)

    10. Chandler, Arizona (0.40%)

    On the other end of the spectrum are cities with the highest real estate taxes:

    1. Peoria, Illinois (2.64% of home value paid in annual taxes)

    2. Rockford, Illinois (2.46%)

    3. Waterbury, Connecticut (2.39%)

    4. Syracuse, New York (2.36%)

    5. Albany, New York (2.34%)

    6. Paterson, New Jersey (2.31%)

    7. Elgin, Illinois (2.23%)

    8. Aurora, Illinois (2.21%)

    9. Rochester, New York (2.19%)

    10. Pearland, Texas (2.16%)

    In Nevada, nine cities were ranked in the SmartAsset analysis:

    1. Sunrise Manor (0.36% of home value paid in annual taxes)

    2. Paradise (0.39%)

    3. Reno (0.42%)

    4. North Las Vegas (0.44%)

    5. Sparks (0.47%)

    6. Las Vegas (0.48%)

    7. Henderson (0.48%)

    8. Spring Valley (0.48%)

    9. Enterprise (0.52%)

    Real estate taxes provide a significant source of funding for local governments, with projected 2025 property taxes generating $34.4 million in Clark County and $7.7 million in Washoe County. Nevada's low property taxes can be attributed to the state's property tax abatement law, which limits annual increases to 3% maximum across the state.