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Cannel City
Cannel City
Kentucky
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Cannel City is an unincorporated community in Morgan County, Kentucky, United States. It lies along Route 191 south of the city of West Liberty, the county seat of Morgan County. In 1901, the Ohio and Kentucky railway tracks were laid through the region and thrived until the Cannel Coal Company's resources were depleted and forestry resources of the Licking River played out at the same time. On November 1, 1933, the last train trip of the Ohio and Kentucky Junction Railroad-Cannel City Line was made and the track was scrapped. During the golden years, there were several grocery stores, a hardware store, post office, mine, bank, blacksmith and an elegant hotel named The DeLancy. Also standing at over 100 years old is the well used by the trains to put water into their engines. Lost over the years was a train depot at the end of Highway 134, where it currently intersects with Highway 191. At one time, the area had a larger population and count of buildings than the present-day county seat West Liberty. After the mine closed, the area still partially thrived during the times after the Great Depression.

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Taxes

B+

How did Kentucky earn the grade of B+? We examined the state taxes based on how age friendly they are. Kentucky has a state sales tax of 6.00%. Of particular interest is that Kentucky does not have taxes on social security. There are no estate taxes. There are taxes imposed on inheritance. Kentucky has an effective property tax rate of 0.85%. Weighing these taxes and other taxes most likely to impact the aging population is how Kentucky earned its state tax grade of B+.

Learn more about taxes in Kentucky

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