The resolution proposes a constitutional amendment to allow the Texas legislature to set limits on the maximum appraised value of certain commercial real properties for ad valorem tax purposes. Specifically, it would enable the legislature to cap the appraised value at either the most recent market value determined by the appraisal entity or at 110 percent (or a higher percentage) of the appraised value from the previous tax year. The amendment would require the legislature to define "commercial real property" and establish additional eligibility criteria for properties to qualify for this limitation.

If approved, this amendment would take effect for properties that meet the defined criteria starting from the effective date of the law or January 1 of the following tax year, depending on ownership status. The proposed amendment will be presented to voters in an election scheduled for May 2, 2026, allowing them to decide whether to authorize the legislature to implement these changes regarding the appraised value of commercial real property for tax purposes.