Non-owner-occupied Property Tax Act - Providence Business News

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UNDER CONSTRUCTION: Michelle Wilcox, CEO and president of Crossroads Rhode Island, stands in front of the Summer Street Apartments project in Providence in 2024. It’s Crossroads’ five-story building featuring 176 single-bed residences for those who were previously homeless.  PBN FILE PHOTO/MICHAEL SALERNO

For homebuyers, landscape grows more discouraging

PBN 40th Anniversary 08/14/2026

One word has echoed around the residential real estate sector in Rhode Island for a while now and will continue to do so: affordability. It’s...

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?

Focus 03/13/2026

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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