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International Business Times UK
International Business Times UK
World
Thea Felicity

40+ Wealthy Homeowners Challenge 'Taylor Swift Tax' Charging $5 per $1,000 on Rhode Island Homes Over $1M

More than 40 Rhode Island homeowners are challenging the so-called ‘Taylor Swift Tax' (Credit: Taylor Swift and Gigi Hadid via @taylorswift on Instagram)

More than 40 Rhode Island homeowners are challenging the state's controversial 'Taylor Swift Tax' after a lawsuit filed in Newport Superior Court argued that the new levy unfairly targets owners of high-value second homes, particularly those who live outside the state.

The lawsuit was filed on Wednesday by Providence-based law firm Hinckley Allen on behalf of the homeowners. The tax took effect on 1 July 2026 and imposes an additional $5 (£3.67) for every $1,000 (£733) of assessed value on second homes worth more than $1 million (£733,000).

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