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 home’s sale price, a 63% increase. For context, the average home in Rhode Island sells for about $492,939, according to Zillow. Under the new rate, that would mean about $3,700 in conveyance tax, up from roughly $2,200.

FOX Business correspondent Madison Alworth reports on the nicknamed 'Taylor Swift Tax' that will be implemented by Rhode Island in 2026 on vacation homes worth over $1 million to offset state budget deficits on 'Making Money.

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, into the spotlight, according to the New York Post article from June spotlighted on Reddit.

The “Taylor Swift tax,” among other levies, targets the rich. Will they be driven away?

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

Taylor Swift’s upcoming album release and her love of all things orange isn’t lost on her fans - or businesses clamoring for a piece of the action

Taylor Swift appeared on boyfriend Travis Kelce's ‘New Heights’ podcast after two years of dating, revealing what happened on their first date.

Chandler Lutz has more on Taylor Swift's appearance on the New Heights podcast. Trump's pick to oversee Social Security COLA says "need to sunset" program