The proposed joint resolution seeks to amend the Texas Constitution to allow the legislature to reduce the appraised value of a residence homestead for ad valorem tax purposes during the first tax year that an owner qualifies a new property for a residence homestead exemption. This reduction would be based on the amount by which the limitation on increases in the appraised value of the owner's previous residence homestead had lowered its appraised value in the last tax year the owner qualified for that exemption. The amendment would enable the legislature to set specific limits on the dollar amount of the reduction that an owner may receive.

If approved, this constitutional amendment will be presented to voters in an election scheduled for November 4, 2025. The ballot will include a proposition allowing voters to express their support or opposition to the amendment, which aims to provide financial relief to homeowners transitioning between properties by ensuring that they can benefit from the same tax limitations they received on their previous homestead.