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Lake Forest
Lake Forest
Illinois
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Lake Forest is a city located in Lake County, Illinois, United States. As of the 2010 census it had a population of 19,375. The city is along the shore of Lake Michigan, and is a part of the Chicago metropolitan area and the North Shore. Lake Forest was founded around Lake Forest College and was laid out as a town in 1857 as a stop for travelers making their way south to Chicago. The Lake Forest City Hall, designed by Charles Sumner Frost, was completed in 1898 and originally housed the fire department, the Lake Forest Library, and city offices. The city is one of the last American municipalities that maintained racial discrimination laws against African Americans and Jews until 1990.

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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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