Proposing a constitutional amendment to authorize the legislature to provide for a limitation on the maximum appraised value for ad valorem tax purposes of residential real property leased to an elderly person.

HJR 147 proposes a constitutional amendment to allow Texas lawmakers to create a property tax limit for single-family homes leased to renters aged 65 or older who use the home as their primary residence and pay rent at fair market value. If approved, the law would let the legislature cap the appraised value used for property taxes at 110% (or a higher percentage) of the previous year’s value, rather than the full market value. This would directly affect elderly renters in qualifying leases and require voter approval in the November 2025 election. The amendment would expire if the property stops meeting these conditions.