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 continue as long as the owner or their spouse retains ownership.

Additionally, the resolution includes provisions for the definition of real property, which may encompass manufactured or mobile homes used as dwellings. It also repeals certain existing sections of the Texas Constitution and establishes a temporary provision that outlines the effective date of these changes, set for January 1, 2026. The proposed amendment will be presented to voters in an election scheduled for November 4, 2025, allowing them to decide whether to authorize the legislature to implement these changes.