(NewsNation) — Rhode Island officials have shared their latest budget proposals, with one being unofficially referred to as a "Taylor Swift tax" on second or seasonal homes.

The Rhode Island Association of Realtors has raised concerns that the proposed changes, which would also reportedly increase a seller's fee by 63 percent overall, would hit both home sellers and buyers, potentially making the market more unaffordable.

The association's president, Chris Whitten,

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