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‘Taylor Swift Tax’ Stirs Bad Blood With Rhode Island Homeowners

‘Taylor Swift Tax’ Stirs Bad Blood With Rhode Island Homeowners
Bloomberg Markets Wednesday 01 July 2026, 10:00 UTC By Greg Ryan 1 min read
Key Points

‘Taylor Swift Tax’ Stirs Bad Blood With Rhode Island Homeowners Rhode Island’s new tax on second homes is nicknamed for its most famous part-time resident, music superstar Taylor Swift, but the levy will also squeeze owners of saltbox houses on the coast that are much less grand than the singer’s Holiday House mansion. Under an annual property tax measure that takes effect Wednesday, the state will collect $5 for every $1,000 that a vacation home’s value is assessed over $1 million. Rhode...

‘Taylor Swift Tax’ Stirs Bad Blood With Rhode Island Homeowners Rhode Island’s new tax on second homes is nicknamed for its most famous part-time resident, music superstar Taylor Swift, but the levy will also squeeze owners of saltbox houses on the coast that are much less grand than the singer’s Holiday House mansion. Under an annual property tax measure that takes effect Wednesday, the state will collect $5 for every $1,000 that a vacation home’s value is assessed over $1 million. Rhode Island lawmakers passed the measure last year, targeting out-of-towners in coastal enclaves like Newport and Little Compton to raise revenue for affordable housing construction.
Rhode Island (LOCATION) Rhode Island’s (LOCATION) Taylor Swift (PERSON) Holiday House (ORG) Newport (LOCATION) Compton (PERSON)
Originally published by Bloomberg Markets Read original →

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