The resolution proposes an amendment to the Arkansas Constitution that aims to clarify the process for determining the true value in money of real property for assessment purposes. It is presented by both the Senate and the House of Representatives of the Ninety-Fifth General Assembly of the State of Arkansas, and it requires approval from a majority of electors in the upcoming general election for it to be enacted.

If adopted, this amendment would become part of the Arkansas Constitution, ensuring a standardized approach to property valuation for assessment. The resolution emphasizes the importance of accurately assessing real property values, which can impact taxation and funding for local services.