Silver lining: Nevada ranks low in this category

Silver lining

Count this as a plus for living in Nevada.

The Silver State has one of the lowest overall property tax rates in the country, according to a new report.

The state ranked as the third cheapest behind only Hawaii and Alabama for overall real estate property taxes, according to a WalletHub report that pulled data from the U.S. Census Bureau. Nevada’s effective real estate tax sits at 0.47 percent, and the average annual taxes on a home costing $332,700 is $1,549.

—Patrick Blennerhassett