Proposing a constitutional amendment to authorize the legislature to set a lower limit on the maximum appraised value of a residence homestead for ad valorem taxation.

HJR 50 proposes a constitutional amendment to let Texas lawmakers set a cap on how much a primary residence's taxable value can increase annually for property tax purposes. It would allow the legislature to limit the maximum appraised value of a homestead (primary residence) to 105% (or a higher percentage) of the previous year's value, or the current market value, whichever is lower. This directly affects homeowners who qualify for Texas homestead exemptions, protecting them from sudden tax spikes during rapid property value increases. The amendment must be approved by voters in the November 2025 election.