The resolution proposes a constitutional amendment aimed at safeguarding residence homesteads in Texas from seizure or sale due to unpaid ad valorem taxes. It amends Sections 13 and 15 of Article VIII of the Texas Constitution, clarifying that while the Legislature retains the authority to enforce property sales for tax delinquencies, residence homesteads will be exempt from such actions. The amendment also introduces a two-year redemption period for former owners to reclaim their properties after a tax sale, with specific payment conditions for each year. Additionally, it reinforces protections against forced sales of homesteads for debts, allowing exceptions only for certain debts like purchase money or taxes.

Moreover, the resolution addresses refinancing options for homeowners, highlighting the differences between home equity loans, which offer significant consumer protections, and non-home equity loans, which do not. It emphasizes the importance of understanding the implications of these choices and encourages homeowners to seek legal advice before refinancing. The resolution also proposes amendments to existing statutes regarding encumbrances on homestead properties, allowing for certain extensions of credit and mandating expedited foreclosure proceedings for related liens. This constitutional amendment will be presented to voters in an election scheduled for November 4, 2025, giving them the opportunity to decide on these protective measures for residence homesteads.