The proposed joint resolution, H.J.R. No. 55, seeks to amend the Texas Constitution to increase the exemption amount for residence homesteads from ad valorem taxation by school districts from $100,000 to $200,000. This exemption applies to both married and unmarried adults, including those living alone, and is intended for general elementary and secondary public school purposes. Additionally, the resolution allows for an extra exemption of up to $10,000 for disabled individuals and those aged 65 and older, with provisions for the legislature to determine eligibility based on economic need. The resolution also includes stipulations for school districts regarding tax levies related to previously pledged debts.

The amendment is set to take effect for the tax year beginning January 1, 2026, and will be presented to voters in an election scheduled for November 4, 2025. A temporary provision will be in place until January 1, 2027, to facilitate the implementation of this change. The ballot will allow voters to express their support or opposition to the proposed increase in the homestead exemption from school district ad valorem taxation.