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 of the property and would continue during ownership by the owner's spouse or surviving spouse.

Additionally, the resolution includes provisions for the repeal of certain sections of the Texas Constitution related to property appraisal and establishes a temporary provision that outlines the effective date of these changes. The repeal will take effect on January 1, 2026, and the proposed amendment will be presented to voters in an election scheduled for November 4, 2025. The ballot will allow voters to express their support or opposition to the amendment, which aims to provide more stability and predictability in property tax assessments.