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Rhode Island’s $1M Property Tax: Rules, Exemptions, and Planning Considerations

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Rhode Island’s $1M Property Tax: Rules, Exemptions, and Planning Considerations

Attention Rhode Islanders…starting July 1, 2026, a new quarterly state property tax will apply to residential properties valued at more than $1 million. Informally dubbed the “Taylor Swift Tax,” this new tax could have significant implications for property owners. Here’s what you should know.

By Andrew Tavares, CPA, MST June 09, 2026