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 let Texas lawmakers limit how much a property's taxable value can increase each year for homestead owners. It would authorize capping annual property tax appraisals at 105% of the previous year's value (or a higher percentage set by law), rather than allowing full market value increases. This directly affects homeowners with primary residences (homesteads) who pay property taxes, as it would restrict annual valuation jumps that raise their tax bills. The amendment requires voter approval in November 2025 and would repeal existing constitutional provisions related to property tax limits.