Marlboro EDC Rolls Out Tax Rewards Program With Business Owners

Just nine months after the initiative was announced, the Economic Development Committee is ready to roll out its new tax rewards program, partnering the local government and businesses to offer property tax breaks for residents shopping in Marlboro.

The rewards program acts as an incentive to keep Marlboro residents patronizing Marlboro businesses. A portion of purchases made in Marlboro at participating businesses will go toward property tax bills.

"For example, if a resident has a $200 dinner at a local Marlboro participating restaurant where that merchant’s program rebate is defined as 20 percent, then $40 (less nominal third-party program management and processing fees) would be applied as a credit against the tax bill of that resident" said an EDC news release.

All purchases and bills will be tracked by the township through individual ID cards, swiped at the register. The cards were donated to the township by The Investors Savings Bank.

Marlboro is the first township to enact a system like this, which will be run through modified existing programs in businesses and the township.

Business owners are welcome to a breakfast presentation, sponsored by the Economic Development Committee, on June 21 at 7:30 a.m. at the .

“Marlboro is committed to being a business-friendly town, and our Economic Development Committee is driving this commitment forward with innovative thinking to achieve our goals,” said Mayor Jon Hornik. “This first-of-its-kind program will provide a big economic boost to our local businesses and at the same time give our residential taxpayers a break on their property tax bill and add new jobs in town."

In the weeks after the breakfast, cards will begin to be distributed while and launch the program's website, which will allow residents to browse participating retailers and register cards online.

For detailed information about the program, please contact the Program Administrator, at Admin@propertytaxcard.com or by phone (732) 946-0919.