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Grayslake
Grayslake
Illinois
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Grayslake is a village in Lake County in the U.S. state of Illinois. It is located in the Chicago metropolitan area, about 40 miles (64 km) north of Chicago's downtown, 14 miles (23 km) west of Lake Michigan, and 15 miles (24 km) south of the Wisconsin border. The village's population at the 2010 census was 20,957. Grayslake is home to the College of Lake County, Grayslake North High School, Grayslake Central High School, the University Center of Lake County and the Lake County Fairgrounds. There are tentative plans to develop a lifestyle shopping center on the previous location of the Lake County Fairgrounds. At the south end of Grayslake, there are plans for a 640-acre (260 ha) development containing light industry, office space and residential space.

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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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