WV SJR16

Proposes a constitutional amendment to increase the homestead exemption from $20,000 to not less than $25,000 of assessed valuation for property tax purposes

Applies to homeowners who are West Virginia citizens aged 65 or older, or who are permanently and totally disabled, for owner-occupied residential property or mobile homes

Authorizes the Legislature to extend the same exemption (not less than $25,000) to homeowners under age 65 who are not disabled

Grants the Legislature authority to make future modifications to the homestead exemption through general law, effective January 1, 2027

Requires voter approval at the 2026 general election to ratify the constitutional amendment, designated as "Amendment 1" on the ballot