Each proposition is translated into plain language so you can see what approving it would change.
04Statewide propositionLegislatureChanges to Budget Stabilization FundWhat a Yes vote doesAmend the state constitution to increase the amount of funds that may be retained in the budget stabilization fund from 10% to 25% of net general revenue, require an annual transfer to the fund equal to $750 million or 25% of the general revenue collections (whichever is lesser), and allow for the legislature to suspend the transfer under certain conditions.
05Statewide propositionLegislatureExempt Tangible Personal Property Used for Agriculture or Agritourism from Property TaxesWhat a Yes vote doesAmend the state constitution to exempt tangible personal property, such as farm equipment or tools, from property taxes if the property is typically present on agricultural land, used for farming or agritourism activities, and owned by the landowner or leaseholder of the land.
06Statewide propositionLegislatureAmendment 3, Homestead Tax Exemptions, Property Assessments, and Spending RestrictionsWhat a Yes vote doesIncrease the homestead tax exemption for non-school taxes to $150,000 in 2027 and $250,000 in 2028, with the amount indexed to inflation starting in 2029; provide that new residents receive a smaller exemption until they've lived in the state for five years; decrease the cap on how much the assessed value of non-homestead properties, such as rentals and commercial buildings, can increase each year from 10% to 5%, except for school district taxes; limit how counties and municipalities can spend property tax revenue on public safety, education, infrastructure, natural resource projects and flood control, local bonds, employee retirement benefits, and government operations; and other changes.
County, city, and school-district questions are not included. Check your official sample ballot for local measures.
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