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Chestnut
Chestnut
Illinois
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Chestnut is a census-designated place in Aetna Township, Logan County, Illinois. As of the 2010 census, its population was 246. The community is located northwest across the railroad tracks along Illinois Route 54 at Dauphin Street. Its claim to fame, for the sake of town promotion, is that it is the geographic center of the state. A small monument to this effect has been erected in a park near the southwest corner of Melvin Street and East Olive street (in §34 T19N R1W). However, the exact center of Illinois is about eight miles southwest of Chestnut, and on the other side of the town of Mount Pulaski, at 89°18.4'W 40°0.8'N.

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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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