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 allow the Texas legislature to cap property tax appraisals for homeowners. It would let lawmakers limit the maximum taxable value of a primary residence (homestead) to 105% of its prior year's appraised value, preventing rapid tax increases after a property sale or new ownership. The cap would apply only during the owner's tenure and expire if the property is sold, though it could continue for surviving spouses. If approved by voters, this amendment would replace current constitutional provisions governing property tax assessments.