Carmine De Falco Net Worth 2026: FinCredit Inc. Founder

No reputable outlet publishes a net worth estimate for Carmine De Falco. The $22.5 million figure that appeared online, including on an earlier version of this page, has no traceable source, and we have removed it. What is on record is his business: he founded FinCredit Inc., a Marlboro, New Jersey, company that runs "property tax card" programs in which shoppers earn credits on their property tax bills by buying from local merchants.

What is Carmine De Falco's net worth?

There is no reliable published figure. FinCredit is a privately held company that does not report revenue or profit, and no business publication has estimated what it or its founder is worth. Forbes, Bloomberg and Celebrity Net Worth do not list him. Any number you see on a net-worth website is a guess.

The press has reported how the company is paid, which gives a sense of scale. When the program launched in 2012, De Falco told New Jersey 101.5 that FinCredit keeps 2% of the reward money to cover programming and customer service, and that merchants pay a small fee to take part (NJ 101.5). The Asbury Park Press described the same 2% cut in 2015 (Asbury Park Press).

Carmine De Falco salary and yearly income

The previous version of this page gave a yearly income of $750,000, a monthly income of $63,000 and a daily income of $2,100. None of those numbers had a source, and we have removed them. As the owner of a private company, De Falco does not have to disclose his pay, and no outlet has reported it.

His income depends on the volume that runs through the programs. In 2016 he told WHYY that Marlboro residents had saved about $200,000 in property taxes on close to $2 million in sales since the first program began in 2012 (WHYY). Those are program totals, not FinCredit revenue, and the company has not published its own figures.

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What FinCredit does

FinCredit sells towns a shop-local loyalty program. The official site, propertytaxcard.com, describes itself as a division of FinCredit Inc. (PropertyTaxCard.com). Here is how the programs work, according to press coverage:

1. A town signs up and gives residents a free card tied to their property's lot and block number. Sponsors often pay to print the cards in return for advertising on them.
2. Local businesses choose to join and set a discount on purchases. The shopper pays full price at the till.
3. The discount is sent to the town and credited against the shopper's property tax bill, usually on the third-quarter bill. Renters and people who work in town get a rebate check instead.
4. FinCredit, as the third-party administrator, keeps a 2% share for its services.

De Falco has said a resident who shops lightly can save $300 to $400 a year, and a heavy user can approach $1,000 (Asbury Park Press). Speaking to WHYY, he gave a simple example: spend $100 at a restaurant that offers 10%, and $10 later comes off the tax bill.

Career and timeline

His earlier career is described only on his own professional profile, which lists corporate finance roles before FinCredit. We could not confirm those roles in an independent source, so we do not repeat the details here.

Recent changes: the 2021 state law

In May 2021 Governor Phil Murphy signed bill A4806, which formally allows towns to set up property tax reward programs run by an outside vendor. Patch reported that the law codified a practice already in use in Marlboro, Union Township, Voorhees, Lacey, Toms River and other towns (Patch). For a company like FinCredit, the law removed doubt about whether such programs were allowed and opened the whole state as a market. Mansion Global noted that merchants pay the processing fees and fund the discount themselves, and that it was unclear how much the average homeowner would save.

Early life and family

Details of his childhood, age and family have not been reported by any reliable source. The earlier version of this page described his school years and a rise to chief financial officer in general terms; we found no source for those passages and removed them.

Carmine De Falco wife

The earlier page named a wife, but we could not find any reliable source confirming his marriage or his spouse's name, so we have removed it. His personal life has not been covered by the press.

Education

His professional profile lists Brooklyn College, but no independent source confirms his degree or graduation year. Claims about his grades and campus activities on the old page were unsourced and have been removed.

Age, height and weight

His age, height and weight have not been published. The earlier figures (50 years old, 5 feet 7 inches, 67 kg) had no source and have been removed.

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How this page was checked

We looked for a net worth estimate from a reputable outlet and found none. Everything above comes from New Jersey news coverage between 2012 and 2021 and from FinCredit's own program website. Because FinCredit is private and reports no financial results, we do not estimate his wealth. Note that several other people share the name Carmine De Falco or DeFalco, including an Italian former footballer; this page is only about the FinCredit founder from Marlboro, New Jersey.