What is the Regional Efficiency Aid Program (REAP)?

Property tax relief through a tax rate deduction in those municipalities, school districts, and county governments that entered into new programs of “shared services” with each other on or after July 1, 1997. Aid is granted to homeowners at properties that are their principal residence and to owners of multi-family housing who must rebate the aid to their tenants through the Tenant Property Tax Rebate Program. If your municipality received aid, it is shown as a negative tax rate called “REAP” in the tax calculation of the tax bill.