Palo Alto ( PAL-oh AL-toh; Spanish: [ˈpalo ˈalto]; from palo, literally "stick", colloquially "tree", and alto "tall"; meaning: "tall tree") is a charter city located in the northwest corner of Santa Clara County, California, in the San Francisco Bay Area of the United States. Palo Alto was established by Leland Stanford Sr. when he founded Stanford University, following the death of his son, Leland Stanford Jr. The city includes portions of Stanford University and is headquarters to a number of high-technology companies, including Hewlett-Packard (HP), Space Systems/Loral, VMware, Tesla, Ford Research and Innovation Center, PARC, IDEO, Skype, Palantir Technologies, and Houzz. It has also served as an incubator to several other high-technology companies such as Google, Facebook, Logitech, Intuit, Pinterest, and PayPal. Palo Alto shares its borders with East Palo Alto, Mountain View, Los Altos, Los Altos Hills, Stanford, Portola Valley, and Menlo Park. It is named after a coast redwood tree called El Palo Alto. As of the 2010 census, the city's total resident population is 64,403. Palo Alto is one of the most expensive cities in the United States to live in and its residents are amongst the highest educated in the country.
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How did California earn the grade of C? We examined the state taxes based on how age friendly they are. California has a state sales tax of 7.25%. Of particular interest is that California does not have taxes on social security. There are no estate taxes. There are no taxes imposed on inheritance. California has an effective property tax rate of 0.79%. Weighing these taxes and other taxes most likely to impact the aging population is how California earned its state tax grade of C.
Learn more about taxes in California