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Elk Grove Village
Elk Grove Village
Illinois
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Elk Grove Village is a village located in northeastern Illinois adjacent to O'Hare International Airport and is a near northwest suburb, touching the city of Chicago. It is one of the Chicago metropolitan area's principal villages due to its large industrial park, located on the eastern border of the village. The village is located primarily in Cook County with a small portion in DuPage County. The population was 33,127 at the 2010 census. As the name suggests, Elk Grove Village is home to a small herd of elk kept in a grove at the eastern edge of the Busse Woods forest preserve for which the grove is named. Elk are not native to the area but were brought by train from Montana by an early resident, William Busse, in the 1920s. The elk are currently maintained by the Chicago Zoological Society veterinary staff and the Busse Woods Forest Preserve wildlife biologists.

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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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