The proposed joint resolution seeks to amend the Texas Constitution to allow the governing bodies of political subdivisions to implement an exemption from ad valorem taxation on a specified dollar amount of the market value of an individual's residence homestead. This exemption would be applicable to both married and unmarried adults, including those living alone. For the 2026 tax year, the maximum exemption amount is set at $100,000, with provisions for annual adjustments based on inflation rates as defined by general law. The resolution also includes stipulations that prevent the governing bodies from reducing or repealing the exemption once adopted, and it allows for the continuation of tax levies on exempted homesteads if necessary to fulfill existing debt obligations.

Additionally, the resolution introduces a temporary provision that outlines the effective date of the amendment, which will begin with the tax year starting January 1, 2026, and will expire on January 1, 2027. The proposed amendment will be presented to voters in an election scheduled for November 4, 2025, allowing them to decide on the adoption of this exemption from ad valorem taxation for residence homesteads.