Proposing a constitutional amendment to exempt from ad valorem taxation the total market value of the residence homesteads of certain elderly persons and their surviving spouses.

HJR 43 proposes a constitutional amendment to exempt the full market value of primary homes from property taxes for Texans aged 72 or older who have held this exemption for at least 10 years, and for surviving spouses who were 55 or older when their spouse died (and met other conditions). The amendment would require voters to approve it in November 2025, with implementation set for January 2026. It includes provisions allowing taxing entities to continue collecting property taxes on homesteads with pledged debts until those debts are paid, and mandates the legislature to create formulas protecting school districts from revenue loss. This change would directly affect qualifying elderly homeowners and their surviving spouses by eliminating their property tax burden on their primary residence.