Red States Are So Flush With Cash They're Abolishing Property Taxes — Meanwhile Blue States Can't Stop Bleeding Residents

Red States Are So Flush With Cash They're Abolishing Property Taxes — Meanwhile Blue States Can't Stop Bleeding Residents

Multiple red states are moving to flat-out abolish property taxes, because when you run a state like an adult instead of a progressive fever dream, it turns out you end up with more money than you know what to do with. Florida, Texas, and Wyoming are leading the charge, and the message to homeowners is simple: that house you busted your tail to pay off? It's actually yours now.

Imagine that. A government that doesn't charge you rent on something you already own. Revolutionary stuff.

Governor Ron DeSantis called the Florida legislature to a special session, citing "rapidly rising property values" and "inflation burdens on residents" — you know, the kind of thing a governor says when he actually gives a rip about the people who elected him. His plan? A $250,000 homestead exemption increase and the abolition of non-school property taxes on homesteaded properties. Florida's local tax collections ballooned from $32 billion in 2019 to $60 billion today, with projections hitting $83 billion by 2032. DeSantis looked at that trajectory and said the quiet part out loud: we're overtaxing people.

Florida is sitting on $15.7 billion in reserves for FY2025-26. That's not a typo. Fifteen point seven billion dollars just hanging out in the state piggy bank.

Over in Texas, Governor Greg Abbott wants to eliminate school-district property taxes entirely and cap local spending growth. Texas is working with a $24 billion surplus. Let me repeat that for the folks in California who are currently being taxed on the air they breathe: twenty-four billion dollar surplus.

Wyoming, not to be outdone, is pushing for full residential property tax elimination, offset by sales-tax increases. Indiana, Ohio, Nebraska, and Oklahoma are all exploring similar moves. This isn't one rogue governor grandstanding — this is a full-blown red-state movement, as reported by Just The News.

And here's where the scoreboard gets truly embarrassing for the left.

Between 2024 and 2025, blue states suffered a net migration loss of 478,000 people. Red states gained 399,000. Since 2020, five deep-blue states have hemorrhaged a cumulative 3.7 million residents. Three point seven million people who voted with their moving trucks.

The Census numbers tell the rest of the story. After the 2020 Census, California lost a congressional seat. New York lost one. Illinois lost one. Texas gained two. Florida gained one. The 2030 projections are even more brutal — California could lose up to four seats, while Texas is projected to gain four and Florida could pick up three or four.

Polling backs up what the migration data screams. A Fox News poll from April found 70% of voters believe taxes are too high. Gallup says 59% of Americans think their federal income tax is too much. Pew Research shows 60% feel they're paying more than their fair share — up from 56% in 2023. A WalletHub survey from March 2026 pegged it at 66% who say their current tax rate is too high.

So to summarize: red states have surpluses, are cutting taxes, and are gaining population. Blue states are broke, raising taxes, and watching U-Hauls disappear over the horizon.

If you're a homeowner in Florida or Texas right now, congratulations — your government just decided you deserve to keep your own money. If you're a homeowner in California or New York, well, there's still time to start packing.


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