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 and older or 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 submitted 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 property tax relief measures for tenants. The amendment is designated as "Amendment 1" and is referred to as the "Homestead Exemption Increase Amendment," with the purpose of updating the exemption amount and allowing for legislative adjustments in the future.