Texas HJR45 proposes a constitutional amendment to allow the legislature to set a cap on the maximum appraised value of real property for ad valorem.

Texas HJR45 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 take effect January 1, 2026, and would be subject to a temporary provision expiring January 1, 2027. The proposed amendment will be submitted to voters in the November 4, 2025 election.

Texas HJR45 proposes a constitutional amendment to allow the legislature to set a cap on the maximum appraised value of real property for ad valorem.

Texas HJR45 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 take effect January 1, 2026, and would be subject to a temporary provision expiring January 1, 2027. The proposed amendment will be submitted to voters in the November 4, 2025 election.