TX HJR45

Expands the existing property tax appraisal cap from residence homesteads only to all real property, allowing the legislature to limit annual appraised value increases for ad valorem tax purposes

Reduces the maximum annual appraisal increase cap from 110% to 103.5% of the previous year's appraised value (a 3.5% annual cap instead of 10%)

Changes when the appraisal limitation takes effect to the tax year following the first year an owner owns the property on January 1, with the limitation expiring when ownership changes

Allows the legislature to define "real property" to include manufactured or mobile homes used as dwellings

Repeals existing constitutional provisions (Sections 1(n) and (n-1), Article VIII) effective January 1, 2026, and submits the amendment to voters on November 4, 2025