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Mount Carmel
Mount Carmel
Illinois
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Mount Carmel is a city in and the county seat of Wabash County, Illinois, United States. At the time of the 2010 census, the population was 7,284, while the next largest town in Wabash County is Allendale, population 475. Located at the confluence of the Wabash, Patoka, and White Rivers, Mount Carmel borders both Gibson and Knox counties of Indiana. A small community known informally as East Mount Carmel sits near the mouth of the Patoka River on the opposite (Gibson County) side of the Wabash River from Mount Carmel. Mount Carmel is 5 miles (8.0 km) northeast of the Forest of the Wabash, a National Natural Landmark within Beall Woods State Park and about a mile north-northeast of one of its main employers, the Gibson Generating Station. Mount Carmel is also the home of Wabash Valley College, part of the Community College System of Eastern Illinois.

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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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