HB 3130 seeks to limit increases in the appraised value for ad valorem tax purposes on residential properties leased to elderly individuals. The bill sets conditions for eligibility, including age and rent limits, and establishes a process for determining market value and appraisal limitations. It outlines criteria for property improvements and conditions for maintaining the appraisal cap, with a requirement for annual application by the property owner. The bill would take effect on January 1, 2026, contingent on voter approval of a constitutional amendment allowing such limitations​.