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Chenoa
Chenoa
Illinois
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Chenoa is a city in McLean County, Illinois, United States. The population was 1,785 at the 2010 census. Located at the intersections of Interstate 55, Historic Route 66, and U.S. Route 24. Founded in 1854 by Mathew T. Scott, Chenoa was created to provide a retail and trade center for his farm tenants as well as a grain shipping facility. The Chenoa Centennial was celebrated in 1954. The town is situated in a highly productive agricultural area. Two currently active businesses here are notable due to their longevity. They are Schuirman's Drug Store (now Chenoa Pharmacy) and Union Roofing. The latter company today is one of the largest roofing contractors in Illinois. Several small manufacturers operate here and a number of antique dealers are Chenoa-based. The town school system closed at the end of the 2004 school year, consolidating with the nearby Prairie Central school district. A well attended July 4 celebration is held in Chenoa each year.

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Taxes

C+

How did Illinois earn the grade of C+? We examined the state taxes based on how age friendly they are. Illinois has a state sales tax of 6.25%. Of particular interest is that Illinois does not have taxes on social security. There are estate taxes. There are no taxes imposed on inheritance. Illinois has an effective property tax rate of 2.32%. Weighing these taxes and other taxes most likely to impact the aging population is how Illinois earned its state tax grade of C+.

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