The North Dakota Classification of Taxable Property Initiative was on the November 5, 1940 ballot in North Dakota as an initiated state statute, where it was defeated. The measure would have created three classes of property for tax purposes: 100 percent valuation for property assessed by state Board of Equalization, 75 percent on business inventories and 50 percent on household goods.
| North Dakota Classification of Taxable Property Initiative (1940)|
|Yes|| 91,396|| 36.81%|
Election results via:
Legislative Manual, Official Vote of North Dakota General Election, 1940
Text of measure
The full text of the initiative can be read here.