The resolution proposes an amendment to Section 2 of Article XII of the Ohio Constitution, which aims to exempt owner-occupied residences from property taxes starting in the tax year 2027. The amendment seeks to modify the existing property taxation framework by eliminating the taxation of primary residences and the surrounding land, not exceeding one acre, that is necessary for the use of the dwelling as a home. This change is intended to provide financial relief to homeowners by removing the burden of property taxes on their primary residences.

If the proposal is approved by a majority of voters in the general election scheduled for November 3, 2026, the amended section will take effect on January 1, 2027, and the current version of Section 2 will be repealed. The resolution emphasizes that while owner-occupied residences will be exempt from property taxes, general laws may still be enacted to determine other subjects and methods of taxation or exemptions, ensuring that the state retains the authority to manage taxation effectively.