THE ESTATE CARD
PROPERTY TAX SAVINGS & ECONOMIC DEVELOPMENT PROGRAM
REDUCE TAX BURDEN
INCREASE REVENUES
ACCELERATE RECEIVABLES
SUPPORT LOCAL BUSINESS
OUR PROGRAM
HELPS CREATE ECONOMIC SUSTAINABILITY & GROWTH
FOR THE MUNICIPALITY
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Promotes local spending
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Generates new passive revenue
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Accelerates the collection of property taxes through everyday resident spending
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Helps residents reduce their ongoing tax liability
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Can be used to distribute stimulus
FOR
LOCAL MERCHANTS
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Creates an online “Main Street” allowing for communication with customers even during a health emergency or natural disaster
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Increases revenue through increased traffic
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Builds brand, business, and customer loyalty
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Drives higher value transactions
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Promotes responsible spending
FOR
RESIDENTS
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Gives one the ability to reduce their property tax liability through their everyday spending
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Purchases made with the Estate Card earn back as much as 30% of the transaction
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The more they spend, the more they save on their property tax
SEE IT IN ACTION
Municipal Cards offers a Property Tax Savings and Economic Development Program that enables local governments to drive local spending while helping residents reduce their tax burden. The program, which is promoted by the municipality, offers residents a rewards debit card where the reward, calculated as a percentage of a purchase, is applied directly towards the resident's property tax liability. A greater amount of reward is earned on local and online purchases. Reward payments are paid in a single electronic file allowing for easy import into the tax software in a manner identical to that which is provided for escrowed property taxes.
WHAT THEY
ARE SAYING
ABOUT
OUR VISION
We exist as a company to help lessen the burden of property tax, while supporting the local economy, ultimately creating sustainability and growth. Now more then ever, Municipal Cards stands committed to helping local governments, its local businesses and its residents during these difficult times.
PROGRAM
The Estate Card program enables local government to drive local spending while helping its residents reduce their tax burden. The program offers residents a rewards payment card where the reward, calculated as a percentage of a purchase, is applied directly towards the resident's property tax liability. A greater amount of reward is earned on local and online purchases.
STIMULUS
The Estate Card program has been approved as an ARPA allowed use to distribute stimulus funds to the hardest hit local businesses. This feature when being utilized, not only helps the local businesses but also helps the local residents and creates a new substantial revenue stream for the municipality Additional benefits are described below in the FAQ.
TECHNOLOGY
The Estate Card program is a platform allowing a municipality, its local merchants, and its residents to interact in a mutually beneficial way. Municipal Cards fully administers the program, providing all support including technology hosting, cardholder servicing, reward administration, tax payment preparation, customer support, reporting and program materials.
PATENTED
Issued patent, # 8,401,895, provides us with the exclusive rights in the United States to issue payment products for which rewards offset pre-existing liabilities and to issue payment products for which rewards are assessed based on the location of the transaction.
ADOPTION
In most jurisdictions, per Local Public Contracts Law and Regulation, due to the license fee being beneath the bidding threshold and the uniqueness and proprietary nature of the program, the program can be adopted by resolution of the governing body without a public bidding or RFP process.
DEPLOYMENT
Program deployment is rapid and simple. Minimal government resources are needed. There is NO impact on the tax software or IT platform.
NEW REVENUE
We offer a passive revenue share to the municipality to help fund its needs, hoping to ultimately help lower the tax base for all residents. This passive revenue share varies depending on the feature set utilized in each municipality.
MUNICIPALITIES
SOME OF OUR PARTNERING
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SCHEDULE AN ONLINE PRESENTATION
IN THE NEWS
Drink Beer, Reduce Your Taxes
New Card Program Offers Ridgewood Property Tax Savings
New Card Builds Property Tax Rewards For Toms River Residents
FREQUENTLY ASKED
QUESTIONS
What are the benefits of using ARPA funds through this program?
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Every ARPA dollar is accounted for
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There is little to no administrative burden for the municipality
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Money spent at these businesses generate tax dollars, jobs, and utilizes the businesses supply chains, all which result in a more comprehensively direct impact
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Provides for a proportional response as it drives residents to patronize effected small businesses in a manner similar to prior the health crisis
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Responds to the impact of residents procuring products online as a result of pandemic related closures by helping to recondition them to now again procure these products locally
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Every cardholder upon activation of their card goes through an identity verification process which prevents fraud or abuse
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As there is no money being distributed directly to businesses based on a self-certified eligibility process, there is no resulting error, fraud or abuse by businesses
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Allows for program shared service agreements to minimize the spend of ARPA dollars while maximizing its impact
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All reporting necessary for compliance and auditing is provided
WRITE
US
call
US
Monday - Friday
8:00am - 5:00pm central
(855) MUNI-CARD