The resolution proposes an amendment to the West Virginia Constitution that aims to provide property tax relief for citizens aged 65 and older. Specifically, it seeks to lock the assessed value of a homestead property at the value determined when the owner-occupier turns 65 or when they purchase the property, whichever occurs later. This change is intended to protect senior citizens from rising property taxes that could result from increases in property values over time, thereby ensuring that their tax burden remains stable as they age.

The proposed amendment, designated as "Amendment No. 1" and referred to as the "Senior Citizen Homestead Valuation Amendment," will be submitted to voters for ratification or rejection during the general election in 2026. The resolution outlines the necessary legislative procedures and stipulates that the amendment will take precedence over any conflicting provisions in the Constitution. By implementing this amendment, the Legislature aims to provide a clearer and more equitable taxation framework for senior citizens, ensuring that they can maintain their homes without the fear of escalating property taxes.