"Property Of Taylor Swift" Boat Torched Near Her Beach House

It would look as though Taylor Swift has just lost a $150,000 boat near her Rhode Island home...

But that's only what vandals would WANT you to think!

According to TMZ, the 35-foot cruiser washed up on shore in July and was abandoned after its owner couldn't afford to have it moved.

"Property of Taylor Swift" was spray-painted on the side of the cruiser, even though it's not Tay's, before being torched on September 1st.

An arson investigation is currently underway.

The funny part is that Taylor could have claimed the boat because in Rhode Island an abandoned vessel is fair game to anybody after 45 days.