It looks like cryptocurrency may actually be a more common method of payment in the future. That $100 investment in Bitcoin a few years ago could possibly pay your property taxes, if you live in Innisfil. The town of Innisfil is now accepting Bitcoin as a valid form of payment for your property taxes. In fact, you can pay for your property taxes straight from there website using Bitcoin here.
At the time of writing this, Bitcoin is worth $6,967.19 CAD. Depending on the cost of your property taxes, half a Bitcoin will likely cover your property taxes for the year. The only downside is that if Bitcoin drops in value when you need to make your payment, you’ll be paying more, as bitcoin’s price is always fluctuating. That doesn’t seem to be a problem right now, as the month of April has been a good month for bitcoin. The cryptocurrency is up about 27% so far this month.
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