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

HJR 30 proposes a constitutional amendment to allow the Texas legislature to limit annual increases in the taxable value of most real property (including homesteads) for property tax purposes. It would authorize capping the appraised value at 105% (or a higher percentage) of the previous year's value, rather than the full market value. This would directly affect homeowners, particularly those in rapidly appreciating markets, by potentially stabilizing annual tax bills. The amendment requires voter approval in the May 2026 election and would take effect in the tax year following its implementation.