For the preservation of the conservation values of the property and to maintain the land use patterns existing at the time of the grant.
Colorado Springs Colorado Conservation Easement
State:
Colorado
City:
Colorado Springs
Control #:
CO-EAS-1
Format:
Word;
Rich Text
Instant download
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FAQ
Benefits Of Conservation Easements Selling a conservation easement can be a good way to get some cash out of the property. Landowners who donate conservation easements may receive tax benefits. Conservation easements can reduce the property's overall value, making the land more affordable for future farmers.
A conservation easement permanently limits how the land can be developed and subdivided in order to protect its conservation values. As the holder of the easement, The Land Trust's role is to ensure that the agreement is upheld forever.
The Land Trust Model Roughly 40 million acres nationwide are protected by conservation easements, with about half of that under the stewardship of land trusts.
A conservation easement is a voluntary agreement with a nonprofit land trust or government agency that allows a landowner to limit the type or amount of development on their property while retaining private ownership of the land.
The Internal Revenue Service allows a deduction if the easement is perpetual, is donated ?exclusively for conservation purposes? and meets certain criteria for those conservation purposes. The amount of the tax deduction is determined by the value of the conservation easement.
FEDERAL TAX INCENTIVES Donors of qualified conservation easements can deduct up to 50% of the conservation easement value from adjusted gross income.
A conservation easement is a voluntary legal agreement between a landowner and a land trust or government entity which contains permanent restrictions on the use or development of land in order to protect certain values of that particular property.
People grant conservation easements because they want to protect their property from future unwanted development and damaging land uses, while retaining ownership of their land.
Conservation easements offer effective and flexible protection, and are one of the most frequently used tools for conserving private land. This voluntary legal agreement protects the land by permanently limiting some uses that would compromise the conservation values or the landowners' goals for the property.