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Petersburg
Petersburg
Illinois
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Petersburg is a city in Menard County, Illinois, United States, on the bluffs and part of the floodplain overlooking the Sangamon River. It is part of the Springfield, Illinois Metropolitan Statistical Area. The population was 2,299 at the 2000 census, and 2,185 at a 2009 estimate. It is the county seat of Menard County. Petersburg is located approximately two miles north of New Salem, the original settlement where Abraham Lincoln first settled when he came to 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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