Texas HJR32 proposes a constitutional amendment to allow the legislature to limit the maximum appraised value of certain commercial real property for.

Texas HJR32 proposes a constitutional amendment to authorize the legislature to limit the maximum appraised value of certain commercial real property for ad valorem tax purposes. The amendment would allow the legislature to set a maximum appraised value for commercial real property with a market value not exceeding a prescribed amount. The limit would be the lesser of the most recent market value or 110 percent, or a greater percentage, of the appraised value of the property for the preceding tax year. This proposed amendment will be submitted to voters in the November 4, 2025 election.

Texas HJR32 proposes a constitutional amendment to allow the legislature to limit the maximum appraised value of certain commercial real property for.

Texas HJR32 proposes a constitutional amendment to authorize the legislature to limit the maximum appraised value of certain commercial real property for ad valorem tax purposes. The amendment would allow the legislature to set a maximum appraised value for commercial real property with a market value not exceeding a prescribed amount. The limit would be the lesser of the most recent market value or 110 percent, or a greater percentage, of the appraised value of the property for the preceding tax year. This proposed amendment will be submitted to voters in the November 4, 2025 election.