Paying Property Taxes in Crypto? Jackson, TN is Considering It

The city of Jackson, Tennessee may soon accept property tax payments in the form of cryptocurrencies, if Mayor Scott Conger has any say.


Scott Conger, Mayor of Jackson, TN (Source: City of Jackson, TN)


key takeaways

  • Jackson, TN Mayor hopes to allow residents to pay property taxes in bitcoin
  • Tennessee, which collects no income tax, relies more heavily on property and other taxes to fund state programs

The city of Jackson, Tennessee is considering accepting property tax payments in the form of cryptocurrencies, according to Jackson Mayor Scott Conger. 

The city’s “blockchain task force” is investigating how a crypto property tax payment system would work, Conger revealed in a Tweet late Thursday. 

Loading Tweet..

Conger announced the creation of the blockchain task force in April in a Tweet, saying that he sees crypto as an integral part of the broader financial system in the future. He asked Miami Mayor Francis Suarez, who is known for his positive view on crypto, for help in launching the team. 

“Mayor Suarez really got me interested in how cities can adapt and advance using bitcoin and blockchain technology,” Conger told Blockworks. “I started talking with people, locally and it really hit home once Aaron Ingles pointed out the price of lumber in dollars — massive inflation — vs the price in sats. 2020 – 2021 lumber is actually cheaper, if you look at it through the lens of sats.”

Similar to Suarez’s plans, Conger has indicated that he sees the city becoming a major crypto mining hub in the future. Conger has also said that he hopes to give city employees the option of receiving salaries in cryptocurrency. Jackson has a population of around 70,000, according to the latest Census data

Despite the recent selloff in the crypto market, Conger is confident that bitcoin will bounce back. It is still early in the space, and getting involved now is essential, especially given bitcoin’s fixed value, he said. 

“I think we are still very early in the Bitcoin bell curve,” Conger said. “Zooming out is so important. I believe the short-term volatility gives people a lot of heartburn, but if you look at the big picture, bitcoin will only increase in value.” 

Tennessee, which is one of nine US states that does not collect income tax on resident wages, has an average property tax rate of 0.73% of home value, according to data from tax policy research organization the Tax Foundation. It is ranked 23rd highest out of all US states for homeownership.


Upcoming Events

Hilton Metropole | 225 Edgware Rd, London

MON - WED, MARCH 18 - 20, 2024

Crypto’s premier institutional conference returns to London in March 2024. The DAS: London Experience:  Attend expert-led panel discussions and fireside chats  Hear the latest developments regarding the crypto and digital asset regulatory environment directly from policymakers and experts   Grow your network […]

Salt Lake City, UT

WED - FRI, OCTOBER 9 - 11, 2024

Pack your bags, anon — we’re heading west! Join us in the beautiful Salt Lake City for the third installment of Permissionless. Come for the alpha, stay for the fresh air. Permissionless III promises unforgettable panels, killer networking opportunities, and mountains […]

recent research

Frax report cover.jpg


Frax saw continued development in its frxETH liquid staking derivative and Fraxlend money market throughout 2023. Frax V3 introduces an RWA strategy to drive utility to the protocol's cornerstone product, the FRAX stablecoin.


In a bid to woo institutional crypto traders, Binance wants help from a bank


Musk’s hesitation to launch his own crypto made sense in previous cycles. But there’s no shame left around here — he should just go for it


Commissioner Peirce would have done things differently if she could when it comes to her agency’s crypto enforcement actions


MicroStrategy discloses the purchase of 16,000 bitcoin throughout November


Digital asset firms face potential new regulatory landscape under Treasury’s proposed authority expansion


Uniswap Labs will be providing trading APIs to Talos investors through Fireblocks