Taylor Swift tax slammed by Rhode Island lenders, Realtors
By: Andrew Martinez | Published: 2025-06-24 10:00:00 | Source: www.nationalmortgagenews.com
Rhode Island real estate professionals are criticizing two new taxes that will increase costs for Ocean State homeowners, including a levy dubbed the “Taylor Swift tax.”
State lawmakers last week approved a $14 billion fiscal year 2026 budget, which now awaits Gov. Dan McKee’s signature. Included in the proposed budget is a 63% increase in a conveyance tax for all home sellers, and a new tax on homes appraised at $1 million or more which are unoccupied for more than 183 days per year.
The pending tax on pricier homes has been dubbed the “Taylor Swift tax” as the singer could owe $136,000 in new taxes on her Rhode Island shoreline mansion,
