The resolution proposes a constitutional amendment to allow the governing bodies of political subdivisions in Texas to adopt an exemption from ad valorem taxation for a specified dollar amount of the market value of an individual's residence homestead. The minimum exemption amount is set at $5,000, and the legislature may establish regulations to prevent the governing body from reducing or repealing the exemption once adopted. Additionally, individuals can still receive other applicable exemptions, and if ad valorem taxes have been pledged for debt repayment, the political subdivision may continue to levy taxes on the exempted homestead value until the debt is settled.

This 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. The ballot will allow voters to express their support or opposition to the proposed amendment, which aims to provide financial relief to homeowners by reducing their taxable property value.