The proposed joint resolution seeks to amend the Texas Constitution to grant the legislature the authority to establish a lower limit on the maximum appraised value of a residence homestead for ad valorem tax purposes. Specifically, it allows the legislature to set this limit to either the most recent market value determined by the appraisal entity or a specified percentage of the appraised value from the previous tax year. This amendment aims to provide more flexibility in property tax assessments, potentially easing the tax burden on homeowners.

If approved, the amendment would take effect based on the timing of the law's enactment and the homeowner's qualification for an exemption. It would remain in effect until the property owner or their spouse no longer qualifies for the exemption. The resolution stipulates that the proposed amendment will be presented to voters in an election scheduled for May 2, 2026, allowing the public to decide on the measure.