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ADDITIONAL PAYMENT: The 11,579-square-foot home at 626 Bellevue Ave. in Newport, which sold for $30 million in 2021, is now assessed at $21.6 million. That will mean an additional $103,200 annual payment to the state under the “Taylor Swift tax” taking effect in July. 
COURTESY GUSTAVE WHITE SOTHEBY’S INTERNATIONAL REALTY

How will ‘Taylor Swift tax’ impact R.I.’s luxury real estate market?

As the Ocean State’s so-called “Taylor Swift tax” is poised to go into effect this July, observers agree that for Rhode Island’s wealthiest homeowners,...
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