Public land is a huge benefit for the county in that it:
Preserves the island’s character, and gives us places to go.
Plays a key role in keeping us competitive in the real estate market.
Helps maintain our property values.
Is an underlying driver of our tourism/service businesses.
Does not create a need for additional taxes as does development (EMS/hospital/schools/roads/library/fire district).
If all Land Bank property were taxed, and the tax rate was lowered as a result, the savings to property owners would be roughly $3 per $100,000 in value. The Land Bank owns roughly 4,800 acres, or approximately 4% of the County’s total land area. Click here for calculations.
Also, over 75% of properties purchased by the Land Bank were already in preferred tax categories. For example, 1,575-acre Turtleback Mountain was in Designated Forest Land (DFL) and the previous owners paid less than $1,000/year in property taxes. See impact on your taxes.
The simple answer is when the public decides not to renew the Land Bank real estate excise tax (REET). Beyond that though there are many ways to look at it. We are about saving special places, keeping the islands rural, giving people the chance to climb a mountain or visit a beach – or provide a public space where people want it. As long as we have funding there will be opportunities to continue doing these things. And as the population continues to grow, and new houses are built, the demand will continue to grow as well.
No. The Land Bank operates under state enabling legislation that requires the revenues
be spent on conservation. Other community projects, while they may be equally
important, must have a different source of revenue.
A conservation easement (CE) is a restriction on private property, usually to limit how
many houses might be built or how many times it can be divided. Think of the view of a
favorite farm across a valley. Imagine it with 10 or 20 houses added. The goal of a CE is
to limit this and preserve agricultural or open space areas in perpetuity.
The Land Bank ordinance requires us to try and secure conservation easements (CE)
when it’s possible to protect the conservation values of a property without owning it.
However, many sellers simply don’t want to retain any ownership in a property once
they decide to sell. Also, “low intensity recreational value” is part of our mandate, and it
is usually not possible to secure any kind of public access on easement lands, so the
Land Bank often purchases property outright as well.
The citizens of San Juan County voted to establish the Land Bank real estate excise tax
(REET) in 1990, after helping to create the state enabling legislation. Citizens
have renewed it twice, in 1999 and 2011.
The Land Bank and the San Juan Preservation Trust (SJPT) work closely with each
other and there tends to be confusion about who does what. The Land Bank is public
and the 1% real estate excise tax comprises most of its revenue. SJPT is a private land
trust and derives the vast majority of its revenue from private sources.
Recreational operation of Small Unmanned Aircraft Systems (a.k.a drones) from Land
Bank Preserves is prohibited. The Land Bank Director may grant permission to nonrecreational sUAS operators to use Land Bank Preserves under certain conditions. To learn more about the Land Bank “drone” policy, please click HERE.