TX SJR21

Amends Article VIII, Section 1(i) of the Texas Constitution to lower the homestead appraisal cap from 110% to 105% of the previous year's appraised value

Authorizes the legislature to limit annual increases in residence homestead appraised values to the lesser of current market value or 105% (or greater) of the prior year's appraisal

The appraisal limitation takes effect on the later of the law's effective date or January 1 following the year the owner first qualifies for homestead exemption

The limitation expires on January 1 of the first year when neither the original owner, their spouse, nor surviving spouse qualifies for the homestead exemption

Scheduled for voter approval at an election on November 4, 2025