Taylor Swift’s Rhode Island home is reportedly worth around $28.1 million. If the proposal passes, she will have to pay approximately $135,500 in taxes each year.
Human remains found near Taylor Swift’s Rhode Island home have been identified
Rhode Island officials have identified the human remains found near Taylor Swift’s Rhode Island home as belonging to Eric Wine, Massachusetts.
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Taylor Swift may be promptly required to pay large amounts of taxes to his New England home, which is being renovated, if the proposed tax laws are passed in Rhode Island.
Earlier this month, the House of Representatives Finance Committee approved the state’s 2026 budget, which includes taxes covering state luxury vacant property. The “Non-Owner Occupation Assets Tax Act” was considered the “Taylor Swift Tax,” but proposes a statewide tax rate for non-primary homes of over $1 million.
If passed, the law valued property tax substances that were not the owner’s primary residence at $1 million or more.
As the Rhode Island House of Representatives continues to work on the budget bill, here’s what you need to know about the proposal and how it will affect the superstar wallet.
What is the so-called “Taylor Swift Tax”?
The proposed law means that a “non-owner-occupied” or secondary home worth more than $1 million will be taxed at $2.50 for every $500 of its valued value. For example, property valued at $1.2 million has $1,000 per year tax, while property worth $2 million has $5,000 per year, New England law firm Pierce Atwood explained in a blog post. The total value of the property is not taxable, only over $1 million.
So how much tax will Swift be levied? When she bought the house in 2013, it was worth around $17 million, but the value of the property has increased over the past decade. Zillow lists the property for $28.1 million. This means that you’ll be taxed at around $135,500 a year.
The budget bill passed the state House Finance Committee days before authorities identified the body of 31-year-old Eric Wine on Swift’s property, shared by the South Kingstown Police Department on June 13.
When will the tax law come into effect?
The “Non-owner Occupational Property Tax Act” has not yet been passed. As of June 11th, the state’s 2026 budget bill, including the law, was passed by the House Finance Committee. As of June 26th, it is under review by the entire House of Representatives.
If passed, the tax will affect the property after July 1, 2026. Read the state budget bill.
Who does tax affect?
If passed, the tax will affect residential property owners who own properties that do not serve as major residences of $1 million or more as of December 31 of the tax year. The owner does not reside in the property on most days of the year.
Taxes may be imagined for wealthy people like Swift, but natives of Rhode Island could also be affected by the tax, Pierce Atwood partner Stephen MacGillivray told USA Today.
“Rhode Island is a strange state where people in the northern part of the state have summer homes 40 minutes away… They are often handed over from generation to generation. These modest homes are now worth more than $1 million, so there is concern that they will hit Rhode Islanders.”
Potential rental
Taxes will not affect owners of rental properties that have been leased within the past 183 days, the budget bill says. MacGilivray said the exception could help with “an interesting loophole”.
“You can imagine people who have come up with all sorts of arrangements, from legitimate to lesser justifiable, by renting a house while they weren’t there,” he said.
Why did Rhode Island propose tax laws?
Luxury properties that are not the owner’s main residence could affect neighborhoods, cities and statewide, the budget bill said. These property owners may not have a “vested interest” interest in the community where their property is located, and in many cases these properties remain “intentionally” vacant.
MacGilivray said some consider these vacant properties to be eyeshadows in the vibrant community of the budget bill.
Editor’s Note: This story has been updated to clarify where Taylor Swift’s Rhode Island home is.
Contributed by: Jay Stahl, USA Today
Gretacross is a national trend reporter for USA Today. Story ideas? Please email her gcross@usatoday.com.
