NAPTEP Applicant's Guide to Calculating Cost Benefits

Extracted text (beginning)

Revised: April 7, 2022 
An Applicant’s Guide 
to Calculating 
Natural Area Protection Tax 
Exemption Program (NAPTEP) 
COSTS AND BENEFITS 

 
APPLICANT’S GUIDE TO CALCULATING NAPTEP COSTS AND BENEFITS 2 
TABLE OF CONTENTS 
Background 3 
Eligibility 3 
Protecting Land Forever 3 
Determining if NAPTEP is Right for You 4 
On-going Benefits 4 
Costs 5 
NAPTEP Costs And Benefits Calculation Worksheet 6 - 7 
NAPTEP Scenarios 8 
Scenario One: The Mitchell Family 8 - 10 
Scenario Two: The Mariyama Family 11 - 13 
Scenario Three: Gary and Clara Dickson 14 - 16 
Scenario Four: Doug Smith 17 - 19 
Summary of Information in Scenarios 20 
 
 
FOR MORE INFORMATION 
 
For more information, please contact the Islands Trust Conservancy at (250) 405-5186, 
itcmail@islandstrust.bc.ca or visit the Islands Trust website at 
https://islandstrust.bc.ca/programs/natural-area-protection-tax-exemption-program/ 

 
APPLICANT’S GUIDE TO CALCULATING NAPTEP COSTS AND BENEFITS 3 
BACKGROUND 
The Canadian Gulf Islands are renowned and cherished for their stunning beauty, mild climate, and rural 
charm. These characteristics have led to a steadily increasing demand for land on these islands resulting 
in higher property values and taxes. In response to higher taxes, many island residents consider logging, 
subdividing or selling their properties – decisions that often result in damage to sensitive island 
ecosystems that are home to rare and endangered species. In response, the Islands Trust developed the 
Natural Area Protection Tax Exemption Program (NAPTEP) to provide a property tax incentive that 
encourages island residents to maintain natural features on their properties. NAPTEP is a joint initiative 
of the Islands Trust and the Islands Trust Conservancy. The program provides landowners who 
permanently protect their land’s natural features with a Natural Area Exemption Certificate, which 
qualifies them to receive a 65% exemption in property taxes on the protected portion of their land.  
 
 
 
 
ELIGIBILITY 
 
NAPTEP is currently available throughout the Islands Trust Area.  
 
To qualify for NAPTEP, you must be willing to permanently protect one or more eligible features on your 
property with a NAPTEP conservation covenant. Eligible features include: 
 relatively undisturbed sensitive ecosystems; 
 habitat for rare native plant species or plant communities;  
 habitat critical to native animal species’ breeding, rearing, feeding or staging; and 
 special geologic features such as fossil-bearing rock formations, sandstone with interesting erosional 
features, waterfalls, mineral springs, caves, rare glacial features, and shoreline features such as 
tombolos, spits and hooks. 
 
 
PROTECTING LAND FOREVER 
 
After placing a NAPTEP covenant on a portion of your property, you continue to own your land. The 
standard NAPTEP covenant simply prevents current and future owners from doing anything to the 
covenant area that may harm its special values. This includes restric

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