diff --git a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/block.js b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/block.js
index 2c493568973..685dec13502 100644
--- a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/block.js
+++ b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/block.js
@@ -15,6 +15,10 @@ import { withProductDataContext } from '@woocommerce/shared-hocs';
  * Internal dependencies
  */
 import './style.scss';
+import {
+	useColorProps,
+	useTypographyProps,
+} from '../../../../hooks/style-attributes';
 
 /**
  * Product Tag List Block Component.
@@ -23,9 +27,12 @@ import './style.scss';
  * @param {string} [props.className] CSS Class name for the component.
  * @return {*} The component.
  */
-const Block = ( { className } ) => {
+const Block = ( props ) => {
+	const { className } = props;
 	const { parentClassName } = useInnerBlockLayoutContext();
 	const { product } = useProductDataContext();
+	const colorProps = useColorProps( props );
+	const typographyProps = useTypographyProps( props );
 
 	if ( isEmpty( product.tags ) ) {
 		return null;
@@ -35,11 +42,13 @@ const Block = ( { className } ) => {
 		<div
 			className={ classnames(
 				className,
+				colorProps.className,
 				'wc-block-components-product-tag-list',
 				{
 					[ `${ parentClassName }__product-tag-list` ]: parentClassName,
 				}
 			) }
+			style={ { ...colorProps.style, ...typographyProps.style } }
 		>
 			{ __( 'Tags:', 'woo-gutenberg-products-block' ) }{ ' ' }
 			<ul>
diff --git a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/edit.js b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/edit.js
index 0c684e83c72..b58ecf958cc 100644
--- a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/edit.js
+++ b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/edit.js
@@ -4,6 +4,7 @@
 import { __ } from '@wordpress/i18n';
 import { Disabled } from '@wordpress/components';
 import EditProductLink from '@woocommerce/editor-components/edit-product-link';
+import { useBlockProps } from '@wordpress/block-editor';
 
 /**
  * Internal dependencies
@@ -13,13 +14,14 @@ import withProductSelector from '../shared/with-product-selector';
 import { BLOCK_TITLE, BLOCK_ICON } from './constants';
 
 const Edit = ( { attributes } ) => {
+	const blockProps = useBlockProps();
 	return (
-		<>
+		<div { ...blockProps }>
 			<EditProductLink />
 			<Disabled>
 				<Block { ...attributes } />
 			</Disabled>
-		</>
+		</div>
 	);
 };
 
diff --git a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/index.js b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/index.js
index 102cd643277..aef3f9c8049 100644
--- a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/index.js
+++ b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/index.js
@@ -14,13 +14,18 @@ import {
 	BLOCK_ICON as icon,
 	BLOCK_DESCRIPTION as description,
 } from './constants';
+import { Save } from './save';
+import { supports } from './supports';
 
 const blockConfig = {
+	apiVersion: 2,
 	title,
 	description,
 	icon: { src: icon },
 	attributes,
+	supports,
 	edit,
+	save: Save,
 };
 
 registerExperimentalBlockType( 'woocommerce/product-tag-list', {
diff --git a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/save.tsx b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/save.tsx
new file mode 100644
index 00000000000..03a720e27df
--- /dev/null
+++ b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/save.tsx
@@ -0,0 +1,21 @@
+/**
+ * External dependencies
+ */
+import { useBlockProps } from '@wordpress/block-editor';
+import classnames from 'classnames';
+
+type Props = {
+	attributes: Record< string, unknown > & {
+		className?: string;
+	};
+};
+
+export const Save = ( { attributes }: Props ): JSX.Element => {
+	return (
+		<div
+			{ ...useBlockProps.save( {
+				className: classnames( 'is-loading', attributes.className ),
+			} ) }
+		/>
+	);
+};
diff --git a/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/supports.js b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/supports.js
new file mode 100644
index 00000000000..324ff82f9a1
--- /dev/null
+++ b/plugins/woocommerce-blocks/assets/js/atomic/blocks/product-elements/tag-list/supports.js
@@ -0,0 +1,17 @@
+/**
+ * External dependencies
+ */
+import { isFeaturePluginBuild } from '@woocommerce/block-settings';
+
+export const supports = {
+	...( isFeaturePluginBuild() && {
+		color: {
+			text: true,
+			background: false,
+			link: true,
+		},
+	} ),
+	typography: {
+		fontSize: true,
+	},
+};