Curious about why ‘#Taylor Swift Tax‘ is popular? This follows a new tax proposition in Rhode Island, causing quite a stir online. The idea is included in the state’s 2026 financial plan and could potentially lead to an annual substantial tax for Taylor Swift if the bill gets approved.
Here are more details.
Why is ‘Taylor Swift Tax’ trending?
As a dedicated gamer, I’ve been following the buzz about the latest twist in the gaming world – it’s not about levels or scores, but about Taylor Swift’s property! The so-called ‘Taylor Swift Tax’ has become the talk of the town and social media, with Rhode Island mulling over a new proposal that could reshape the pop icon’s real estate landscape.
Starting next year, the state is planning its budget for 2026, which includes a new law known as the “Non-Owner Occupied Property Tax Act.” This legislation aims to impose an annual tax on expensive homes that aren’t primarily lived in. Because of Taylor Swift’s luxury oceanfront mansion in Watch Hill, this bill has been casually nicknamed the “Taylor Swift Tax.
If enacted, the law would impose a tax on properties valued over $1 million at a rate of 5 cents for every $250 of the property’s appraised worth. Given her home’s current market price, Taylor Swift might need to pay approximately $135,500 in annual taxes. Since she bought the house for $17 million in 2013, its value has risen significantly over time.
This month, the Rhode Island Finance Committee endorsed the state budget, advancing it for discussion by the entire House. If accepted, a new tax will become effective on July 1, 2026. The proposed legislation targets residential properties valued above $1 million that their owners primarily do not inhabit throughout the year.
As a gamer, I couldn’t help but notice the escalating chatter surrounding the tax bill. However, the real shocker came when human remains were found on Swift’s land. On June 13th, the South Kingstown Police confirmed that the body of Eric Wein, aged 31, was discovered on May 14th, washed up on Swift’s private property. Quite a twist, huh?
As of June 27, the measure remains under review by Rhode Island’s House of Representatives.
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2025-06-27 16:10