How the Land Bank Works

Our revenue is derived from a two percent real estate transfer fee which is levied against most real estate transfers on the island. In both 2004 and 2005, that amount exceeded $20 million. Because our revenues are tied to the housing market, the Land Bank has been able to keep pace even in the face of skyrocketing island property values.

We accomplish our legislated purpose by competing in the open market to acquire land which provides the public a range of benefits. Land Bank holdings are in the public trust and currently include beaches, wetlands, aquifer recharge areas, moorlands, heathlands, rare species habitat, ocean, pond and harbor frontage, and properties for passive and active recreation.

Annual Reports

2009 Annual Report (PDF)
2008 Annual Report (PDF)
2007 Annual Report (PDF)