Residents Could Earn Property Tax Credits for Shopping in Caldwell
Imagine every time you bought a pizza, went through the car wash or purchased a gift in Caldwell you knocked dollars off your property tax bill? Borough merchants, mayor considering Shop Caldwell program.
Residents of Caldwell could see lower property tax bills just for patronizing businesses in their town. The borough’s mayor and merchants are exploring a program called Shop Caldwell as a way to entice residents to support local businesses and help boost the local economy. “The Shop Caldwell program will encourage our residents to shop in Caldwell, and will either give them a property tax credit or a check at the end of a year of shopping and dining,” Mayor Ann Dassing explained. The program, offered by FinCredit, was introduced in 2012 in Marlboro, where about 40 businesses have signed up. Dassing said Marlboro’s participating merchants have seen an “uptick in sales and foot traffic” as a result. Each business can customize their Shop …
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Scott W
2:08 pm on Tuesday, February 26, 2013
The ongoing percentage being deducted from every sale, may impact retailers as to what other promotions or discounts they may wish to offer during the year. Let's say a retailer or restaurant has a 20% off coupon in the paper. A $100 sale nets $80 when the coupon is redeemed. Then, if he has agreed to a 20% rebate for the PTC, another $16 comes off the $80. So the inital $100 sale winds up … more ›