Proposing a constitutional amendment authorizing the governing body of a political subdivision to adopt an exemption from ad valorem taxation of a portion, expressed as a dollar amount, of the market value of an individual's residence homestead and providing for the adjustment of the exemption amount in subsequent years to reflect inflation.

HJR 154 proposes a constitutional amendment allowing Texas cities, counties, and other local governments to create a property tax exemption for homeowners' primary residences. It would let these localities set a fixed dollar amount (starting at $100,000 for 2026) to exempt from property taxes, with the amount automatically adjusted each year for inflation. This exemption would directly affect homeowners in political subdivisions that adopt the program, reducing their property tax burden on their primary residence. The amendment requires voter approval in November 2025 and would take effect for the 2026 tax year.