The “Taylor Swift tax” is coming to Rhode Island.

The Taylor Swift tax was just passed in Rhode Island. It's officially known as the non-owner occupied property tax and it targets luxury second homes. They call it the Taylor Swift tax because of her seaside mansion in Watchill, Rhode Island.Exactly the type of home that this new tax is targeting. Starting in July 2026, if you own a home in Rhode Island, it's worth over a million dollar and you don't live there fulltime, you will pay extra. The tax will be $2.50% 50 for every $500 of value over that initial ...