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 101 proposes a constitutional amendment to allow the Texas legislature to cap the appraised value used for property taxes on certain commercial real estate. It would let lawmakers set a limit at 120% (or higher) of a property's prior year's appraised value, but only for properties meeting specific criteria defined by future law and with market values below a legislated threshold. This would directly affect commercial property owners who qualify under the rules established by the legislature. The amendment requires voter approval in November 2025 and would expire if a property stops being used commercially or ownership changes. The measure focuses on limiting tax increases for qualifying commercial properties, not on changing overall tax rates.