The resolution proposes a constitutional amendment that would allow the Texas legislature to reduce the appraised value of a residence homestead for ad valorem tax purposes during the first tax year in which a property owner qualifies 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 aims to provide financial relief to homeowners who move and qualify for a new homestead exemption.

If approved, the amendment would add a new subsection to Article VIII of the Texas Constitution, enabling the legislature to establish guidelines for this reduction, including potential limits on the dollar amount of the reduction. The proposed amendment is set to be submitted to voters in an election scheduled for November 4, 2025, where they will have the opportunity to vote for or against the proposition.