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From Rhode Island’s so-called “Taylor Swift Tax” to Montana’s property tax overhaul, states are rewriting the rules for ...
The second major move raises the conveyance tax — the fee sellers pay at closing — from $2.30 to $3.75 for every $500 of a ...
In fact, the state of Rhode Island has proposed a tax on all non-primary residences worth over $1 million, and the so-nicknamed "Taylor Swift Tax" is bringing Swift's estate, among others like it, ...
Taylor Swift's Rhode Island home is reportedly worth about $28.1 million. If the proposal passes, she would be required to pay about $135,500 in taxes annually.
What is the so-called 'Taylor Swift Tax'? The proposed act would mean that "non-owner occupied" homes, or secondary residences, valued more than $1 million, would be taxed at $2.50 for each $500 ...
Rhode Island is reviving its “ Taylor Swift Tax ”—a bold proposal that would hit luxury second homes with steep new surcharges. The measure targets non-owner-occupied properties worth more ...
The conveyance tax would go from $2.30 to $3.75 for every $500, which would be a 63% increase. According to Zillow, the average selling price of a home in Rhode Island is around $492,939.
Taylor Swift's Rhode Island home is reportedly worth about $28.1 million. If the proposal passes, she would be required to pay about $135,500 in taxes annually.
So, what has unofficially been dubbed the "Taylor Swift tax" would essentially target part-time homeowners in the state, meaning those who don't live in their properties year-round.
Taylor Swift's Rhode Island home is reportedly worth about $28.1 million. If the proposal passes, she would be required to pay about $135,500 in taxes annually.
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