New Henrico program will cap real estate taxes for some seniors, disabled citizens

Henrico County is implementing a real estate tax cap program for homeowners 65 years and older and other homeowners who are 100% permanently and totally disabled. The Real Estate CAP program (or RECAP) is a cap on the real estate tax for those in Henrico who fit one of those categories and who also are the primary homeowner; have a household income of no more than 5,000; and have a net worth less than 0,000. It’s an extension of the county’s Real Estate Advantage Program (REAP) and will take effect Jan. 1. The idea to start the program came from...Article LinkSupport the show