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

This bill proposes a constitutional amendment to allow the Texas legislature to set a lower limit on property taxes for non-homestead real estate (like rental homes or commercial properties), instead of the current 120% cap on appraised value increases. It would extend the expiration date of this tax limit authority from 2026 to 2031. The amendment requires voter approval in November 2025, with a ballot question asking if voters support this change. It directly affects owners of non-homestead property by potentially lowering their annual property tax burden. The change does not apply to primary residences (homesteads), which have separate tax protections.