The proposed joint resolution, H.J.R. No. 71, seeks to amend the Texas Constitution to enhance protections for residence homesteads against seizure or sale due to unpaid ad valorem taxes. It aims to revise Sections 13 and 15 of Article VIII, ensuring that a residence homestead cannot be seized for delinquent taxes or penalties. The resolution also establishes the rights of former owners to redeem their property within a specified timeframe after a tax sale, with conditions on the redemption amounts based on when the payment is made. Additionally, it amends Article XVI to reinforce the protection of homesteads from forced sales for debts, while clarifying the definition of a residence homestead and allowing the legislature to further define this term.

Furthermore, the resolution addresses refinancing options for homeowners regarding home equity loans, emphasizing the significant consumer protections associated with home equity loans compared to non-home equity loans. It advises homeowners to consult with an attorney before making refinancing decisions, as non-home equity loans waive certain protections, such as requiring a court order for foreclosure. The resolution also proposes amendments to existing statutes on encumbrances on homestead properties, allowing for specific credit extensions and mandating expedited foreclosure proceedings for certain liens. The proposed constitutional amendment will be presented to voters in an election scheduled for November 4, 2025, allowing them to express their support or opposition to these changes aimed at safeguarding residence homesteads.