The Washington Aggregate Annual Levy Limit of 40 Mills Amendment, also known as Senate Joint Resolution 1, was on the November 7, 1972 ballot in Washington as a legislatively-referred constitutional amendment, where it was approved. The measure replaced a forty mill property tax limit with a maximum allowable rate of one percent of the value of all taxable property. The measure amended Section 2 of Article VII of the Washington State Constitution.
| Washington SJR 1 (1972)|
| Yes|| 686,320|| 58.26%|
Election results via: Washington Secretary of State
Text of measure
- See also: Washington State Constitution, Section 2 of Article VII
The language that appeared on the ballot:
|| Shall the state constitution be amended to replace the present forty mill limit upon those property taxes which are imposed without voter approval (in effect a limitation of two percent of the true and fair value of the taxable property) with a new provision under which the maximum allowable rate for such property taxes would be one percent of the true and fair value of the property?