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 determined by the appraisal entity 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 and would continue as long as the owner or their spouse retains ownership of the property.

Additionally, the amendment includes provisions for defining what constitutes real property, which may encompass manufactured or mobile homes used as dwellings. The proposed amendment is set to 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 property appraisals for tax purposes.