The "Municipal Volunteer Property Tax Reduction Act"; permits certain municipal property owners to perform volunteer services in return for property tax vouchers.

This bill allows New Jersey municipalities to create programs where seniors aged 60+ who have lived in their home as a primary residence for at least 15 years can volunteer for non-paid municipal roles (like community events or park maintenance) in exchange for property tax credits. Volunteers earn credits based on the state minimum wage rate, capped at $1,000 per year, which must be applied directly to their municipal property taxes for that same year. The credits cannot be carried over to future years or used for taxes beyond the current tax period, and municipalities cannot replace paid staff with volunteers. It specifically targets seniors on fixed incomes, aiming to reduce their property tax burden through community service.