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Hoffman Estates
Hoffman Estates
Illinois
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Hoffman Estates is a village in Illinois, United States. The village is located primarily in Cook County, with a small section in Kane County. It is a suburb of Chicago. As of the 2010 census, the village population was 51,895. The village was incorporated in 1959. The village now serves as the headquarters for the Sears Holdings Corporation and the Midwest headquarters for AT&T and the American headquarters for Mori Seiki. The village owns the Sears Centre, home of the Chicago Bliss of the Legends Football League, the Chicago Slaughter of the Indoor Football League, and the Windy City Bulls of the NBA G League. In 2009, the village hosted the Heartland International Tattoo, one of the largest music and dance festivals of its kind in the Midwest.

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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+.

Learn more about taxes in Illinois

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