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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.
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.
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 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.
A conservation easement is a written agreement between a landowner and the State of North Carolina that protects water quality by maintaining or establishing natural vegetation in a streamside or wetland parcel or buffer.
FEDERAL TAX INCENTIVES Donors of qualified conservation easements can deduct up to 50% of the conservation easement value from adjusted gross income.
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 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.
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.