‘Taylor Swift Tax’ Proposed in Rhode Island
RHODE ISLAND, JUN 23 – The proposed tax targets non-primary luxury homes over $1 million and could raise tens of millions for affordable housing, affecting about 22% of Rhode Island's high-value properties.
- Rhode Island lawmakers greenlit on June 18, 2025, the 'Taylor Swift Tax' targeting non-owner occupied homes over $1 million starting July 1, 2026.
- The tax emerged from concerns over an unfair system taxing working people more, with influence from Taylor Swift's $17.75 million High Watch estate bought in 2013.
- The bill requires owners of vacant properties valued above $1 million to pay an annual fee calculated at $2.50 for every $500 increment of the property's value exceeding $1 million, and additionally imposes a 0.6% tax on homes worth more than $2 million.
- Senator Meghan Kallman called the tax effort fairer for working people, while Realtor President Chris Witten warned it could harm Rhode Island’s already fragile housing market.
- If enacted, the tax could fund affordable housing and discourage leaving luxury properties empty, potentially altering the state's real estate dynamics.
28 Articles
28 Articles
Rhode Island considers 'Taylor Swift tax' on luxury homes
Rhode Island is considering a so-called "Taylor Swift tax" on luxury homeowners. The proposal is officially called the Non-Owner Occupied Property Tax Act. If passed, it would tax non-owner occupied homes or secondary residences valued at more than $1 million.Swift purchased her Rhode Island mansion for about $17 million in 2013. Zillow lists the property's current value at $28 million, which would result in a tax of about $135,000 a year. State…
The New 'Taylor Swift Tax' Targets The Wealthy
Tammie Arroyo/AFF-USA.com / MEGA Rhode Island's wealthy seasonal homeowners, including Taylor Swift, are at the center of a heated controversy over a new tax targeting second homes valued at $1 million or more. Dubbed the "Taylor Swift Tax" by frustrated locals, the proposal aims to slap luxury homeowners with annual fees if their properties are not used for at least six months out of the year. The "Taylor Swift Tax," included in the state's pro…
You Belong with Fees: Rhode Island’s “Taylor Swift Tax” Targets Non-Resident Property Owners
For decades, one-party control by Democrats in Rhode Island has enabled unchecked government growth and spending. With Democrats having total legislative control since 1959 and the governor’s office since 2014, fiscal restraint has taken a backseat to ever-growing budgets. Now, to plug yet another hole in their budget, Democrats are turning to their typical playbook: raising taxes instead of reining in wasteful spending. Chief among these tax h…
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