The resolution proposes a constitutional amendment to allow the Texas Legislature to establish a lower limit on the maximum appraised value of a residence homestead for ad valorem tax purposes. Specifically, it amends Section 1(i) of Article VIII of the Texas Constitution, enabling the legislature to set this limit to either the most recent market value determined by the appraisal entity or a specified percentage of the appraised value from the previous tax year. The amendment outlines that this limitation would take effect based on certain conditions related to property exemptions and would expire if the property owner or their spouse no longer qualifies for such exemptions.

The proposed amendment will be presented to voters in an election scheduled for May 2, 2026. The ballot will include a statement allowing voters to express their support or opposition to the proposition, which aims to provide more flexibility in managing the appraised values of residence homesteads for tax purposes.