The resolution proposes a constitutional amendment to allow the Texas legislature to establish lower limits on the maximum appraised value of both residence homesteads and other real property for ad valorem tax purposes. Specifically, it seeks to amend Sections 1(i) and (n) of Article VIII of the Texas Constitution, enabling the legislature to set these limits to a percentage of the appraised value from the previous tax year, with specific percentages outlined for both types of properties. The amendment also aims to make the limit on the maximum appraised value of real property other than residence homesteads a permanent fixture.

Additionally, the resolution stipulates that the proposed amendment will be presented to voters in an election scheduled for May 2, 2026. The ballot will include a proposition allowing voters to express their support or opposition to the amendment, which seeks to provide more stability and predictability in property tax assessments for homeowners and property owners in Texas.