The 'Taylor Swift Tax' Is Back—And High-End Homeowners Can't Shake It Offoriginally appeared onParade. Regardless of whether you're a Swiftie or not, you simply cannot ignore the hold thatTaylor Swifthas on pop culture. Try to go a day without hearing the musician's name mentioned in some way, shape or form—I dare you. In fact, Rhode Islanders have even coined a new impending legislation the 'Taylor Swift tax.' But what the heck does that mean, anyway? If you aren't aware, Swift has an absolutely stunning mansion in the well-heeled town of Westerly, Rhode Island. It's one of themany properties she owns, but this estate, in particular is a true gem, despite recently making headlines becausehuman remains washed up on shorejust steps from the not-so-humble abode. SIGN UP for the Dengarden / Parade Home & Garden newsletter for a weekly dose of our favorite house hacks, decor trends and shopping deals But here's the thing—Swift is hardly ever at her Rhode Island home. After all, she's typically touring or spending time at one of her other properties. Apparently this isn't an uncommon thing for many of the state's most prestigious homes, with these luxury spaces rarely inhabited by the wealthy folks who own them. And that's where the "Taylor Swift tax" comes into play. Related: What Taylor Swift and Travis Kelce Actually Watch on Date Nights Rhode Island is looking for ways to both fund affordable housing initiatives and address concerns about what's considered "absentee ownership." 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. But it isn't only about wealthy part-time homeowners, like Swift. This tax would apply yearly to homes with an assessed value over $1M that aren't being used as primary residences. If the tax does, in fact, take effect, it's reported that Swift will have to cough up an additional $136,000 every year on her Rhode Island estate. That may not be a ton of money for the singer who has an estimated net work of $1.6B, but if you're someone who happened to inherit a $1M-plus property in Rhode Island, you're kind of out of luck. Related: 'Kindest Human Being' Taylor Swift Makes Pit Stop at Florida Children's Hospital The 'Taylor Swift Tax' Is Back—And High-End Homeowners Can't Shake It Offfirst appeared on Parade on Jun 18, 2025 This story was originally reported byParadeon Jun 18, 2025, where it first appeared.
