HB 360 amends Section 25.25 of the Texas Tax Code to allow an appraisal review board (ARB) to adjust the appraised value of a residence homestead to match its sales price if specific conditions are met. These conditions include the property qualifying as a residence homestead, the sales price being at least 10% lower than the appraised value, and the ARB determining that the sales price reflects the market value. The bill permits changes to the appraisal roll for the current and two preceding tax years, with hearings on such motions following standard procedures for property value disputes. HB 360 takes effect immediately if it receives the necessary legislative votes or on September 1, 2025.