From Kiplinger · · 1m 10s
2026 State Ballot Measures Impact Taxes
Voters decide on property tax caps, grocery taxes, and retirement tax rules in 2026.
In brief
Voters decide on property tax caps, grocery taxes, and retirement tax rules in 2026. Voters in 2026 will decide on state ballot measures affecting property taxes, grocery taxes, and retirement account taxes. Originally reported by Kiplinger.
Property Tax Caps in 2026
North Carolina voters decide whether to limit local property tax increases through a constitutional amendment.
“If revenue exceeds the limit, tax rates would automatically decrease, but an individual homeowner's bill could still increase”
Oklahoma Property Tax Changes
Oklahoma voters will lower the annual growth limit on property value from 5% to 4% and reduce homestead exemption caps.
“For those 65 and older who have a homestead-exempt property, the annual growth limit would be tiered based on the taxpayer's income”
Florida Property Tax Exemptions
Florida voters will raise non-school property tax exemptions to $150,000 in 2027 and $250,000 in 2028.
“Starting in 2029, the exemption would be indexed to inflation”
Tennessee Property Tax Ban
Tennessee voters decide whether to prohibit state property taxes through a constitutional amendment.
“Tennessee currently has no state property tax”
Arizona Grocery Tax Measure
Arizona voters will decide on a 2% cap for local grocery sales taxes without voter approval.
“Any new or increased tax on groceries would be limited to a rate of 2%”
California Retirement Tax Ban
California voters will ban new taxes on retirement account balances and personal savings through Proposition 42.
“The state currently does not impose any such tax on the value of these assets”
California Wealth Tax Conflict
California voters face a potential conflict between Proposition 42 and a one-time 5% wealth tax on high net worth individuals.
“If both measures pass, the one that gets more votes will prevail”
The essence
Voters in 2026 will decide on state ballot measures affecting property taxes, grocery taxes, and retirement account taxes.
