Proposing a constitutional amendment to allow the Texas legislature to set a cap on the maximum appraised value of real property for tax purposes.

This bill proposes a constitutional amendment to allow the Texas legislature to limit the maximum appraised value of real property for ad valorem tax purposes. The amendment would repeal certain sections of the Texas Constitution and add a temporary provision that expires in 2027. The amendment would authorize the legislature to set the maximum appraised value at 105 percent or more of the property's value from the previous tax year. The change would take effect in 2026 and apply to tax years beginning after that date. The amendment will be put to a vote in the November 2025 election.

Proposing a constitutional amendment to allow the Texas legislature to set a cap on the maximum appraised value of real property for tax purposes.

This bill proposes a constitutional amendment to allow the Texas legislature to limit the maximum appraised value of real property for ad valorem tax purposes. The amendment would repeal certain sections of the Texas Constitution and add a temporary provision that expires in 2027. The amendment would authorize the legislature to set the maximum appraised value at 105 percent or more of the property's value from the previous tax year. The change would take effect in 2026 and apply to tax years beginning after that date. The amendment will be put to a vote in the November 2025 election.