TX HJR171

Proposes a constitutional amendment to exempt all tangible personal property in Texas from ad valorem (property) taxation, effective January 1, 2026

Limits future property tax assessments to real property only, removing tangible personal property (such as business equipment, inventory, and vehicles) from the tax base

Allows tax authorities to continue collecting ad valorem taxes on tangible personal property if those taxes were pledged for debt payment before January 1, 2026, until the debt is discharged

Removes provisions allowing railroad rolling stock to be assessed and taxed, limiting railroad property taxation to real property such as roadbed and fixtures

Repeals multiple existing constitutional provisions related to tangible personal property taxation and would be submitted to voters on November 4, 2025