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Libertyville
Libertyville
Illinois
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Libertyville is a village in Lake County, Illinois, United States and an affluent suburb of Chicago. It is located 5 miles (8 km) west of Lake Michigan on the Des Plaines River. The 2014 census population was 20,512. (There is also a township of the same name, which includes the village and some surrounding areas.) Located in northeastern Illinois, southwest of Waukegan and west of Lake Forest, its immediate neighbors are Mundelein to the west, Green Oaks, Mettawa, and Rondout to the east, Gurnee to the north, Grayslake to the northwest, and Vernon Hills to the south.

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It's a wonderful place to live in. The problem is that the cost of real estate taxes prohibits the elderly from being able to live there. I love this town. It has great schools and so many wonderful activies. I wish I could stay. I can't praise the town more. The cost of living is more than $5000.00 a month. Our home is modest and old.

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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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