A recent posting argued the Land Bank isn’t the cause of increasing property taxes as there’s multiple nationwide factors. I agree with some of the reasoning, but an important element was missing. Many if not all of those nationwide factors don’t have a Real Estate Excise Tax(REET). Nobody is arguing the LB is solely responsible for inflating property taxes. What is being argued is the LB is a BIG contributing factor in San Juan County.

The following link connects to the Land Bank(LB) website with an outline on the LB impact of property taxes. Impact on Taxes. It illustrates a perspective of how removing LB acquisition properties from tax rolls has little effect on property taxes. In the last paragraph is the sentence:

Being near conservation land boosts property values by up to 20% according to multiple analyses