the staff of the Ridgewood blog
Ridgewood NJ, Ridgewood has a new property tax savings program that aims to encourage residents to think and shop locally in exchange for a break on their tax bill. Property taxes in Ridgewood, New Jersey are among the highest in the state.
The Village of Ridgewood is now offering prepaid debit cards and instead of points or miles, you get property tax relief. The new program is called the Estate Card. It’s run by Municipal Cards, LLC.
Every time you are out and about in the Village you can save money. Debit Cardholders add money every month to their accounts to receive a base .25 percent on purchases towards their property taxes plus as much as an additional 30% at participating national retailers like Walmart, and local merchants like Trattoria La Bocca.
Traditionally businesses are usually charged a fee for swiping a credit card, but with the Estate Card this fee, in part, is rebated back to the customer towards their third quarter property taxes.
Businesses hope it will lure shoppers in to the central business district and for the Village it comes with an added advantage of revenue coming in sooner.
For consumers there is no monthly cost, spending requirement, or limit on the cards. The more you shop, the more tax dollars you save. The Estate Card is also available in other New Jersey towns such as Bridgewater, East Brunswick and South Plainfield.
Village of Ridgewood Estate card :