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

This bill proposes a constitutional amendment to authorize the Texas legislature to limit the maximum appraised value of real property for ad valorem tax purposes. The amendment would allow the legislature to set the maximum value at the lesser of the most recent market value or a percentage of the previous year's appraised value. The amendment would be subject to voter approval in the May 2, 2026 election.

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

This bill proposes a constitutional amendment to authorize the Texas legislature to limit the maximum appraised value of real property for ad valorem tax purposes. The amendment would allow the legislature to set the maximum value at the lesser of the most recent market value or a percentage of the previous year's appraised value. The amendment would be subject to voter approval in the May 2, 2026 election.