The resolution proposes a constitutional amendment to allow the Texas legislature to set a limit on the maximum appraised value of real property for ad valorem tax purposes. Specifically, it would enable the legislature to cap the appraised value at either the most recent market value or at 105% (or a higher percentage) of the appraised value from the previous tax year. This limitation would take effect in the tax year following the first year of ownership of the property and would remain in place as long as the owner retains ownership, with provisions for the limitation to continue for the owner's spouse or surviving spouse.

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 aims to provide a more predictable and potentially lower tax burden for property owners by controlling the increase in appraised values for tax purposes.