Real Estate Advantage Program (REAP)
How to Receive this Service
- Applicant(s) must be at least 65 years of age OR 100 percent permanently and totally disabled
- Applicant(s) must occupy as the sole dwelling the residence in question
- Applicant(s) must hold title to the residence
- Applicant(s) and spouse may not have a combined total income exceeding $75,000, including Social Security
- The income of non-owner relatives living in the dwelling must be included in the total income excluding the first $10,000 of the relative’s earnings
- Maximum net worth of owner, co-owner, spouse, and relatives may not exceed $400,000
- Applicants applying who share ownership of the residence or other unrelated persons living in the residence, but not married to applicant, must all apply and must all qualify to receive eligibility for REAP
The initial REAP application and certification forms must be completed and submitted for the qualifying year by April 1st, with the Revenue Division. First Time Applicants and Hardship Cases will be considered through December 31st.
Whether you are submitting an application at your local government center in person or mailing an application in, supporting documentation for each entry of income and net worth must be included with all applications. Such documents needed include photocopies of:
- End of the year statements of income (previous year)
- End of the year checking and savings account statements (previous year)
- End of the year statements showing values of stocks owned (previous year)
- First time applicants need a copy of their birth certificate or driver’s license as proof of age
- Proof of disability is required for those under 65 years only. A certification from the social Security Administration, such as an awards letter, will suffice or a letter from the Railroad Retirement Board, Department of Veteran Affairs, or two signed affidavits from Virginia licensed doctors to the effect that such person is permanently and totally disabled.
- Affidavits for disability may be obtained from the Revenue Division offices.