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McHenry
McHenry
Illinois
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McHenry is a city in McHenry County, Illinois, United States. The 2010 U.S. census reported its population at 26,992 and rests at an elevation of 797 feet. McHenry was at one time the county seat of McHenry County, which once included adjoining Lake County to the east. McHenry took its name from McHenry County, which was named for Major William McHenry, a prominent officer in the Black Hawk War.McHenry is surrounded by natural lakes and streams, grassy moraine hills, gravel banks and shallow nutrient-rich peat bogs, remnants of receding glaciers from the last ice age. Moraine Hills State Park and Volo Bog State Natural Area preserve some of these natural features.

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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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