Your math, while not flawed is incomplete. States with no income taxes not only have higher property taxes but they also have higher sale tax, higher taxes on things like license plates, driver licenses, higher taxes on utilities, higher gas taxes.
If you do a salary comparison, a player making $3 million in Indy would have to make $3.2 mil in Tampa to have the same standard of living. In a place like Miami that player would have to earn over $4 million.
So, like crazy Colt stated, the no state income tax will not play a factor in where a player chooses to go. Weather, night life, etc. that may.