| 1 | Purposes | 2 | Conservation Easement Options | 3 | Tax Benefits | ||
| To qualify for a tax deduction, the easement must be for one or more conservation purposes: – Recreation or education of the public… | You have lots of options as to which rights you choose to keep and which rights you choose to donate. | You are giving up something of value, i.e. your development rights, and you deserve something in return. The tax benefits are huge. | |||||
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| 4 | Qualified Organization | 5 | Qualified Appraisal and Qualified Appraiser | 6 | Appraisal Process | ||
| You must have an IRS-qualified donee to accept the conservation easement. Most likely it’s your local land trust… | The Internal Revenue Code requires a “qualified appraisal” prepared by a “qualified appraiser”. Important stuff if you want a tax deduction… | After the conservation easement deed prepared by the Land Trust, the appraisal report is the most important document… | |||||
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