Managed by the Age Friendly Foundation
I have lived and worked in Palatine since 2014. I managed a rPalatine etirement community for 5 years, volunteer in the community and own a home here. The mayor and his team maintain an outreach with all the seven retirement communities, individual retirees, and the 55+ population. There are festivals and senior ride buses in addition to the 5 regional bus routes servign Palatine. The Palatine Township Senior Center provides education, services, activities, and guidance to the senior community. We have a friendly police force that participates a community policing program. The merchants have reduced rates for seniors and sponsor many events that target us. Overal, this is a community wiht a heart for its seniors.
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