From Kiplinger · · 1m 40s
2026 Midterm Tax Results Split
Voters approved tax breaks in 7 states but rejected billionaire tax in California.
In brief
Voters approved tax breaks in 7 states but rejected billionaire tax in California. California voters rejected a billionaire tax while several states approved property tax breaks and income tax reforms. Originally reported by Kiplinger.
2026 Midterm Tax Results
Voters approved tax limits and property tax breaks in several states while other local tax measures failed.
Tax Proposals in 16 States
Tax policy appeared on ballots in 16 states with around 30 tax-related proposals up for vote.
Property Tax Focus
Property taxes accounted for 15 measures in more than seven states with voters approving various exemptions.
Iowa Constitutional Amendment
Iowa voters approved a constitutional amendment requiring two-thirds vote in legislature to raise income tax rates.
Arizona Proposition 316
Arizona voters approved Proposition 316 capping local grocery taxes at 2% with voter approval for changes.
North Carolina Tax Change
North Carolina voters approved lowering income tax rate from 7% to 3.5% with a 2027 implementation date.
Florida Homestead Exemption
Florida voters approved Amendment 3 expanding homestead exemption from $50,000 to $150,000 in 2027.
Louisiana Property Tax Changes
Louisiana voters approved property tax exemptions for seniors and disabled veterans with specific value limits.
Colorado Amendment 87
Colorado Amendment 87 would replace flat 4.4% income tax with graduated rates for income below $500,000.
Washington Millionaire Tax
Washington voters kept the 9.9% tax on income above $1 million with 58% approval for 2028 implementation.
California Billionaire Tax
California voters rejected Proposition 40's 5% tax on assets over $1 billion with 55% opposition.
What it means
California voters rejected a billionaire tax while several states approved property tax breaks and income tax reforms.
