Marlboro Gives Property Tax Break For Shopping [AUDIO]
Marlboro residents are getting a break on their property taxes as long as they shop at local stores.
Under the “Shop Marlboro Campaign” which launched in September, local businesses have the chance to give residents a percentage of their purchases to use toward their property tax bill.
“We want to be partners with our business community. We understand how difficult it is and they need every kind of help to make their businesses survive. So, together with a financial company called FinCorp, we came up with this concept and launched it in September,” said Mayor Jonathan Hornik. “It allows our residents to get a tax reward card that allows them to get a portion of their purchases from a participating business or service provider to go against their personal real estate taxes in town.”
“We’ve issued 1,700 cards so far and there has been $130,000 in transactions which has given about $8,000 in tax savings to our residents,” said Hornik. “There are about 40 participating businesses in town. If I go to the local store and spend $100 and they’re giving me ten percent of my purchase toward tax relief, the store will pay over ten dollars toward my personal tax bill in town. I have a little card that looks like a credit card that is actually a tax reward card. I run it through the machine when I’m paying and it gives me credit toward my taxes. So far myself, I have accumulated $260 in tax credits by shopping Marlboro.”
Marlboro residents can pick up a rewards card at Marlboro Town Hall or the local Investors Bank.