Prohibit new taxes on financial assets and other personal property. [Ballot]

Jan 27, 2026 - Similarly, local governments tax owner s of boats and business equipment. Financial Assets Are Not Taxed. Many types of personal property are not taxed. One major type of personal property that is not taxed is financial assets like stocks.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-041

Property tax rules for inherited property. [Ballot]

Jan 21, 2026 - The measure ’s changes could affect counties ’ costs to do so. The net effect on county administrative costs is unclear but likely would not exceed the low tens of millions of dollars annually. Summary of Fiscal Effects.
https://lao.ca.gov/BallotAnalysis/Initiative/2025-035