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

This bill proposes a constitutional amendment to allow the Texas legislature to limit property tax appraisals for certain rented homes. It would apply only to single-family residential properties leased as a primary residence with rent at or below fair market value. The amendment would authorize capping the taxable value at 110% (or higher) of the previous year's appraised value for these properties. The limitation would begin after the first qualifying lease and end if the property is no longer rented under these terms. This change requires voter approval in the November 2025 election.