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

HJR 22 proposes a constitutional amendment allowing Texas lawmakers to limit annual increases in the appraised value used for commercial property taxes. It would authorize the legislature to cap the taxable value of qualifying commercial properties at 120% (or a higher percentage) of the previous year's appraised value, preventing sudden tax jumps tied to market fluctuations. This directly affects commercial property owners by potentially reducing their annual tax burden if market values rise sharply. The amendment requires voter approval in the May 2, 2026 election and would take effect if passed, giving the legislature power to create specific rules for eligible properties. It does not change current tax law but enables future legislative action on commercial property taxation.