The resolution proposes a constitutional amendment to allow the Texas legislature to establish lower limits on the maximum appraised value of 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 residence homesteads and other real properties. The proposed changes would also make the limit on the maximum appraised value of real property other than a residence homestead permanent.

Additionally, the resolution stipulates that the new limitations would take effect based on the effective date of the law or the following tax year after the property qualifies for an exemption. The amendment will be presented to voters in an election scheduled for May 2, 2026, allowing them to decide on the proposition to authorize the legislature to implement these changes.