Proposing a constitutional amendment to authorize the legislature to limit the maximum appraised value of real property for ad valorem tax purposes.

HJR 45 proposes a constitutional amendment to let Texas lawmakers limit annual increases in property tax appraisals for primary residences (homesteads). It would require that the appraised value for tax purposes cannot exceed 103.5% of the previous year's value, preventing sudden large tax jumps. This directly affects homeowners with primary residences, as it caps how much their property taxes can rise annually. The amendment must be approved by voters in November 2025 and would temporarily expire January 1, 2027, unless renewed.