Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes.

This bill proposes a constitutional amendment to let Texas lawmakers limit how much a property's taxable value can increase annually for homeowners. Specifically, it would allow the legislature to cap annual increases at 105-110% of the previous year's value (instead of full market value), directly affecting residential homeowners, especially those with rising property values. The cap would apply to homesteads (primary residences) and potentially mobile homes, taking effect after ownership begins and expiring if the property is sold (though spouses may continue coverage). The amendment requires voter approval in November 2025 and would replace existing constitutional rules about property tax limits.