Property Tax Reward Program – ‘Shop Bayonne’ Loyalty Card
The Property Tax Reward Program was founded in 2010 by Fincredit Inc, and focuses on incentivizing shopping local with rewards to the consumer, similar to a loyalty card.
How does it work?
- Every homeowner in Bayonne receives a ‘Shop Bayonne’ card
- Businesses can opt in to the program if they please
- Business owners provide a discount of their choice to ‘Shop Bayonne’ customers
- The money saved through the discount is transferred to the City
- Money accumulates and at the end of the year is deducted from your property tax
This is an innovative program that helps the local business community and provides a strong motivation for residents to ship in town. It is an opportunity for homeowners to their lower out-of-pocket expense on property taxes through normal, everyday purchases of necessities and goods.
By using the ‘Shop Bayonne’ card, residents enjoy a direct relief on their property tax bills, businesses enjoy a higher local awareness and increased revenues, and the City benefits from a thriving business corridor.