Proposing a constitutional amendment to authorize the legislature to set lower limits on the maximum appraised value of residence homesteads and of real property other than a residence homestead for ad valorem tax purposes and to make permanent the limit on the maximum appraised value of real property other than a residence homestead.

HJR 27 proposes a constitutional amendment to change Texas property tax rules for homesteads (primary residences) and other real property. It would make permanent the current limits on how much a property's taxable value can increase each year - 102.5% for homesteads and 108% for other property - while allowing the legislature to set even lower limits if desired. This affects all Texas homeowners and property owners by altering how property tax assessments are calculated annually. The amendment requires voter approval in the May 2026 election before taking effect.