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, ...

FOX Business correspondent Madison Alworth reports on the nicknamed 'Taylor Swift Tax' that will be implemented by Rhode ...

Several states have raised taxes on wealthy residents to narrow state budget deficits and offset expected declines in federal funding for programs like Medicaid.

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 ...

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.

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.

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.

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.