Taylor Swift attended the 67th GRAMMY Awards in Los Angeles, California. States are implementing real estate taxes on wealthy individuals, causing backlash among brokers and buyers. Rhode Island’s “Taylor Swift Tax” targets second homes over $1 million, adding surcharges and increasing annual property taxes for luxury homes. Other states, like Montana, are also passing new property tax plans to increase revenue, impacting both wealthy second-home owners and local residents who rent out properties. Critics argue that these taxes may deter individuals from owning second homes and may not generate the expected revenue.

Read more at CNBC: ‘Taylor Swift Tax’ on high-end vacation homes spreads to more states