Mansions for Sale in Illinois

Average Mansion and Luxury Home Prices in Illinois

Kenilworth	Cook	IL	1,850,000
Winnetka	Cook	IL	1,016,250
Hinsdale	Dupage	IL	916,000
Glencoe	Cook	IL	911,500
Lake Forest	Lake	IL	873,750
Wilmette	Cook	IL	722,500

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General
Illinois is the 21st state admitted to the United States of America, and is the most populous and demographically diverse Midwestern state and the fifth most populous state in the nation. With Chicago in the northeast, small industrial cities and great agricultural productivity in central and western Illinois, and natural resources like coal, timber, and petroleum in the south, Illinois has a broad economic base.
Illinois is an important transportation hub. The Port of Chicago connects the Great Lakes to the Mississippi River via the Illinois River. Illinois is often viewed as a microcosm of the United States; an Associated Press analysis of 21 demographic factors found Illinois the "most average state", while Peoria has long been a proverbial social and cultural bellwether.

Economy
The 2007 total gross state product for Illinois was approximately $609 billion USD. Illinois per capita personal income in 2007 was $41,012 USD.

Taxes
Illinois's state income tax is calculated by multiplying net income by a flat rate, currently 3%. There are two rates for state sales tax: 6.25% for general merchandise and 1% for qualifying food, drugs and medical appliances.

Property tax is the largest single tax in Illinois, and is the major source of tax revenue for local government taxing districts. The property tax is a local ? not state ? tax, imposed by local government taxing districts, which include counties, townships, municipalities, school districts and special taxation districts. The property tax in Illinois is imposed only on real property.

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