The resolution proposes an amendment to the Constitution of West Virginia, specifically to section one-b of article X, which pertains to property taxation and homestead exemptions. The amendment seeks to increase the homestead exemption threshold from the first $20,000 to not less than $25,000 for assessed valuation of real property or mobile homes used exclusively for residential purposes by eligible citizens, specifically those aged 65 or older or who are permanently and totally disabled. Additionally, it grants the Legislature the authority to make future modifications to the homestead exemption through general law, effective January 1, 2027.

The resolution mandates that the proposed amendment be presented to the voters of West Virginia during the next general election in 2026. It outlines the legislative process for property tax assessments, statewide reappraisals, and the establishment of exemptions, ensuring that the provisions are equitable and consistent with existing laws. The amendment is designated as "Amendment 1" and is referred to as the "Homestead Exemption Increase Amendment," with the purpose of enhancing property tax relief for qualifying residents.