This joint resolution proposes an amendment to the Wyoming Constitution, specifically targeting Article 15, to allow the legislature to establish a method for valuing residential property for taxation purposes. The amendment introduces new provisions that state residential real property may be valued using a method determined by the legislature, rather than being required to be assessed separately. Additionally, it specifies that the duties of the state board of equalization will exclude residential real property valued by this legislative method, and it clarifies that all taxable property, except for residential real property and agricultural lands, will be uniformly valued at its full value as defined by the legislature.

The proposed changes include the creation of a new subsection (e) in Article 15, which explicitly allows for the valuation of residential real property using a method prescribed by law. This amendment aims to provide flexibility in how residential properties are assessed for taxation, potentially leading to a more standardized approach across the state. The resolution will be submitted to the electors of Wyoming for approval or rejection in the next general election, and if ratified by a majority, it will become part of the Constitution.