Скачать или смотреть Real Estate Cap Program: Expanding Tax Relief to Homeowners Who Are Older, Disabled

The Real Estate Cap Program (RECAP) will lock in, or cap, the real estate tax bills of qualifying homeowners who are older or disabled, helping to mitigate the higher costs associated with rising property values.

To qualify for RECAP, homeowners will need to be at least age 65 or totally and permanently disabled with a maximum household income of $105,000 and net worth of $700,000.

RECAP will build on Henrico's Real Estate Advantage Program, which provides a real estate tax exemption of up to $3,200 for qualifying homeowners with a household income up to $75,000 and a net worth up to $500,000. RECAP and REAP will use the same application. Homeowners will be able to apply beginning in February 2024. The deadline for applications will be April 1.

For more information: https://henrico.us/news/2023/09/board...