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Hanna City
Hanna City
Illinois
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Hanna City is a village in Peoria County, Illinois, United States. The population was 1,013 at the 2000 census. Hanna City is part of the Peoria, Illinois Metropolitan Statistical Area. Hanna City was founded in 1882 and named after William Hanna (born 1827), who was president of the Peoria-Farmington Railroad, which ran through Hanna City. While originally a farming community, coal was soon discovered under the town. The coal mine was a major factor in the early years of the town and kept it thriving for more than half a century. The main coal mine shaft was near the intersection of Second St and the railroad. Remnants of the coal mine can still be found, e.g., air shaft near old Grade School.

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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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