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Frequently Asked Questions about
Conservation Easements
What is a
conservation easement?
It is a voluntary land protection tool
that a landowner either donates, or in rare cases, sells to protect all or part
of their land. Development restrictions specific to the property and determined
by the landowner are detailed in the easement. The landowner retains all other
rights to the property and continues to own and use the land. The easement is
permanent and remains with the land in perpetuity, whether the land is sold,
bequeathed, leased, or gifted.
Many landowners retain the right to
build a limited number of houses for their family’s future needs or for future
financial considerations. The flexibility of easements can accommodate these
needs, as long as the conservation values of the property are protected.
What are the
benefits of conservation easements?
The landowner has protected the land
from further development, ensuring open space will remain in the community. In
addition, tax benefits are often realized. The easement represents value given
up by the landowner, who might receive a federal income tax deduction. Estate
tax is often reduced considerably, allowing property to remain in the family
rather than being sold to pay the taxes. Long-term benefits are possible with a
rise in the quality and value of local property if the area is maintained as
open and agricultural.
What are the
drawbacks of conservation easements?
Because
each landowner determines the specific restrictions in an easement, there are
few drawbacks. Conservation easements are perpetual agreements that are
difficult to change, and they do limit opportunities for future landowners to
develop, divide, or subdivide the land.
Are there
other options available?
Yes. Conservation easements are only
one tool available to landowners interested in land protection. Many options
exist, and the Conservancy is willing to work with each landowner in determining
which option is best for their needs.
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