The 36-year-old US singer says she is grateful to be honoured after the organisation announced she will be admitted in the contemporary songwriter/artist category.
Lyle Lovett will be inducted in the veteran songwriter/artist division, Shawn Camp and Lee Thomas Miller will enter in the contemporary songwriter section, and Bruce Channel joins as a veteran songwriter.
Swift said in a statement: "From the time I started writing songs as a child, I fixated on Nashville as the perfect place to be.
"I wanted to learn with and from the best and get to immerse myself in a community of storytellers, and thankfully Nashville turned out to be exactly what I'd dreamed of. A town that validated and prioritised hard work, determination and imagination. Where the writers show up to work every day even when the mysterious muses and the magic don't.
"To be honoured by this city I love so much is a beautiful thing, and I'm very grateful."
The Nashville Songwriters Hall of Fame was established in 1970 and currently has 254 members, including last year's inductees Emmylou Harris, Brad Paisley, Jim Lauderdale, JJ Cale, Steve Bogard, Don Cook and Tony Martin.
The date for this year's induction ceremony has yet to be confirmed.