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.

This bill proposes a constitutional amendment to make permanent lower limits on property tax appraisals for Texas homeowners. It would allow the legislature to set a maximum appraised value for primary residences (homesteads) at 102.5% of the previous year's value (currently temporary) and for other property at 108% (also currently temporary), rather than requiring annual renewal. These limits directly affect homeowners and property owners who pay ad valorem (property) taxes, as they would prevent tax increases based on rising property values beyond these set percentages. The amendment requires voter approval in the November 2025 election before taking effect.