The resolution proposes an amendment to the West Virginia Constitution, specifically adding a new section, 10-1d, which would allow the Legislature to create laws that exempt owner-occupied real property from property taxes once the mortgage on that property is paid off. This amendment aims to provide financial relief to homeowners by eliminating ad valorem taxation on their primary residences, provided that these properties are not encumbered by a mortgage. The proposed amendment also stipulates that no individual or couple can claim more than one exemption and that properties will continue to be subject to appraisal and reappraisal as per existing laws.

The resolution has been introduced and referred to the Finance and Judiciary committees, and it is set to be presented to voters for ratification or rejection during the 2026 general election. The summarized purpose of the amendment emphasizes the intention to allow the Legislature to exempt certain residential properties from taxation, thereby supporting homeowners who have fully paid off their mortgages.