The Natural Area Protection Tax Exemption Program (NAPTEP) is a financial incentive to choose land protection over development. When you register a conservation covenant through NAPTEP, you receive an annual property tax exemption of 65% on the protected portion of your land. This means you save money annually in exchange for leaving the natural areas on your land alone for native species to enjoy. These tax savings can add up quickly, depending on the size of the land you’re able to protect.
To qualify for a NAPTEP covenant, you must own land in the Islands Trust Area, be willing to protect your land with a conservation covenant, and your property must have one or more of the following natural features:
- Relatively undisturbed sensitive ecosystems
- Habitat for rare or at-risk native plant species or plant communities
- Habitat critical to native wildlife for breeding, rearing, feeding, or staging activities
- Special geological features
Register a Conservation Covenant
Consult the helpful resources below, to find out if a conservation covenant for your land will help you achieve your vision. Get answers to frequently asked questions or learn about the next steps for registering a covenant on your land:
Talk to Us
A conservation covenant can be individually tailored to you and your land. We’d love to talk to you about your vision for conservation and discuss options to help you meet that vision.
We recommend that anyone contemplating a conservation covenant also talk with independent financial and legal advisors. If your advisor is not familiar with covenants, we would be happy to provide additional information.
Ecosystems Protection Specialist