Rhode Island’s Million-Dollar Tax Explained | Boston News

Rhode Island’s new million-dollar home tax is stirring confusion—and controversy—as it catches longtime families and seasonal property owners off guard, with one heritage cottage now facing a $45K annual hit. Designed to fund affordable housing and target out-of-state wealth, the law’s “occupancy” rules leave gray areas for part-time residents and co-owners, sparking jokes like the “Taylor Swift tax” while raising real questions about fairness and enforcement. Though high-end sales continue, buyers are watching closely as the state grapples with balancing housing equity and community preservation. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/c949d8aacd1b2f4b