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DeSantis Calls Homestead Tax Cuts, Texas Holds; Services at Risk

5/15/2026

Center

DeSantis, Abbott Cuts

Republican governors in Florida and Texas are advancing dramatic cuts to owner-occupied home property taxes before the 2026 midterms.
Florida Gov. Ron DeSantis will call a session on homestead tax cuts, while Texas Gov. Greg Abbott not filed legislation.
Property taxes provide 70 % of local revenue, with schools receiving about half of homeowners’ bills.
Officials warn cuts could jeopardize police, infrastructure, debt service, lower bond ratings, raise borrowing costs.

Right

Mamdani Tax Proposal

Mayor Zohran Mamdani filmed a viral video outside billionaire Ken Griffin’s $238 million Manhattan penthouse to showcase his luxury-home tax proposal.
Higher taxes on New York City non-primary residences over $5 million were proposed by Mayor Zohran Mamdani and are under review.
Governor Greg Abbott praised Texas’s no-state-income-tax and welcomed Dell’s legal move from Delaware to Texas.
Ken Griffin said Citadel is reconsidering its $6 billion Manhattan tower, expanding in Florida, right choice.

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DeSantis, Abbott Cuts

Republican governors in Florida and Texas are advancing dramatic cuts to owner-occupied home property taxes before the 2026 midterms.
Florida Gov. Ron DeSantis will call a session on homestead tax cuts, while Texas Gov. Greg Abbott not filed legislation.
Property taxes provide 70 % of local revenue, with schools receiving about half of homeowners’ bills.
Officials warn cuts could jeopardize police, infrastructure, debt service, lower bond ratings, raise borrowing costs.

1 / 2