Managed by the Age Friendly Foundation
I have lived and worked in the N suburbs of Arlington Heights and Palatine for over 5 years. I have found Palatine to be embracing of older adults beacuse the community has aged. I, myslef am in my late-50s. There are activities and programs for seniros. The town has also made many shopping areas foot walk friendly. Rents are higher but there are also several senior comunities in the area.
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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