The resolution proposes a constitutional amendment that would allow the Texas legislature to enable county officials responsible for property appraisals to exclude the value of new or significantly remodeled residential properties when determining the market value of older residence homesteads situated in or near tax increment financing reinvestment zones. This amendment specifically targets residences that are over 30 years old and aims to provide a more favorable tax assessment for these older homes by not factoring in the potentially inflated values of newer properties in the same neighborhood.

If approved, this amendment would be submitted 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 proposed changes regarding property appraisal practices in relation to older homes in designated areas.