The resolution, proposed by Tepper as H.J.R. No. 9, seeks to amend the Texas Constitution to grant the legislature the authority to establish lower limits on the maximum appraised value of both residence homesteads and other real property for ad valorem tax purposes. Specifically, it allows the legislature to set the maximum appraised value of a residence homestead to either the most recent market value or a specified percentage (up to 102.5%) of the previous year's appraised value. This limitation would take effect based on certain conditions related to property ownership and exemptions, and it would expire if the owner or their spouse no longer qualifies for an exemption.

Additionally, the resolution proposes a similar framework for real property other than residence homesteads, allowing the legislature to limit the maximum appraised value to the lesser of the current market value or a percentage (up to 108%) of the previous year's appraised value. The proposed amendment would also repeal an existing subsection related to appraised value limitations. If approved, this constitutional amendment will be presented to voters in an election scheduled for May 2, 2026, allowing them to decide on the proposed changes.