March 3, 2025 - 09:20
Henrico County is introducing two beneficial programs aimed at assisting eligible property owners: the Real Estate Advantage Program (REAP) and the Real Estate Cap Program (RECAP). These initiatives are designed specifically for residents who are at least 65 years old or who are totally and permanently disabled as of December 31, 2024.
To qualify for these programs, applicants must own and occupy their property, which can include manufactured homes. The REAP program offers financial advantages to help alleviate the tax burden on eligible homeowners, while the RECAP program aims to stabilize real estate taxes for those who meet the criteria.
These programs reflect Henrico County's commitment to supporting its senior citizens and individuals with disabilities, ensuring they can maintain their homes without facing overwhelming financial strain. Residents are encouraged to explore these options to see if they qualify and to take advantage of the benefits available to them.
