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
MUNICIPALITIES

FOR
LOCAL MERCHANTS

FOR
RESIDENTS

Promotes local spending
Generates new passive revenue
Accelerates the collection of property taxes through everyday resident spending
Helps residents reduce their ongoing tax liability
Can be used to distribute stimulus

Creates an online “Main Street” allowing for communication with customers even during a health emergency or natural disaster
Increases revenue through increased traffic
Builds brand, business, and customer loyalty
Drives higher value transactions
Promotes responsible spending

Gives one the ability to reduce their property tax liability through their everyday spending
Purchases made with the Estate Card earn back as much as 30% of the transaction
The more they spend, the more they save on their property tax

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Value

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 their 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.

SEE THE ESTATE CARD PROGRAM

Estate Card

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.

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 can be used to distribute stimulus funds quickly and securely, with built-in controls that ensure money is used exactly as intended. Administrators can set category and merchant restrictions, apply spend limits, and enable geographic controls. The Estate Card reduces leakage, improves compliance, and provides clean reporting and auditability for every dollar.

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.

About

Municipality