# 2026 Midterm Tax Results Split

> Voters approved tax breaks in 7 states but rejected billionaire tax in California.
- Title: 2026 Midterm Tax Results Split · Kiplinger | Shortify
- Summary: Voters approved tax breaks in 7 states but rejected billionaire tax in California.
- Keywords: 2026 midterm elections, property tax breaks, income tax rates, billionaire tax, state tax proposals, tax policy, voter approval, Kiplinger
- Source: Kiplinger — https://kiplinger.com/taxes/2026-midterm-election-results-deliver-split-verdict-on-taxes
- Published: 2026-11-05T14:17:00+00:00
- Read time: 1 min
- Topics: 2026 midterm elections, property tax breaks, income tax rates, billionaire tax, state tax proposals, tax policy, voter approval
## 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.
## Key takeaway

California voters rejected a billionaire tax while several states approved property tax breaks and income tax reforms.