Proposing a constitutional amendment to authorize the legislature to make permanent the limit on the maximum appraised value of real property other than a residence homestead for ad valorem tax purposes.

This bill proposes a constitutional amendment to make permanent a limit on property tax appraisals for non-homestead real estate (like commercial or investment properties). It repeals a current constitutional provision that would expire, allowing Texas lawmakers to eliminate the temporary nature of this tax cap. If approved by voters in November 2025, it would directly affect non-homestead property owners by stabilizing their tax rates based on a fixed appraisal value limit.