CONSERVATION
EASEMENTS
A conservation
easement is a legal agreement between a landowner and a land trust or
government agency that permanently limits uses of the land in order
to protect its conservation values. It allows you to continue to own
and use your land and to sell it or pass it on to heirs.
When you
donate a conservation easement to a land trust, you give up some of
the rights associated with the land. For example, you might give up
the right to build additional structures, while retaining the right
to grow crops. Future owners also will be bound by the easement's terms.
The land trust is responsible for making sure the easement's terms are
followed.
Conservation
easements offer great flexibility. An easement on property containing
rare wildlife habitat might prohibit any development, for example, while
one on a farm might allow continued farming and the building of additional
agricultural structures. An easement may apply to just a portion of
the property, and need not require public access.
A landowner
sometimes sells a conservation easement, but usually easements are donated.
If the donation benefits the public by permanently protecting important
conservation resources and meets other federal tax code requirements
it can qualify as a tax-deductible charitable donation. The amount of
the donation is the difference between the land's value with the easement
and its value without the easement. Placing an easement on your property
may or may not result in property tax savings.
Perhaps
most important, a conservation easement can be essential for passing
land on to the future generations. By removing the land's development potential,
the easement lowers its market value, which in turn lowers estate
taxes.
Whether the easement is donated during life or by bequest, it can make
a critical difference in the heirs' ability to keep the land intact.
Rondout-Esopus
Land Conservancy
accepts a property for conservation easements when it meets set criteria
that further its stated goals for protecting and conserving open space
in the community for each grantor and future owners of the property.
Agreements for accepting a grantors property are flexible and
may be tailored to specific needs.
The following
criteria apply for property worthy of being accepted for stewardship
by RELC
Significance
- The property is of national or local historic value.
- The property
has topographical features worthy of conservation and preservation,
or adds significantly to the esthetic value of the region.
Protection
and Conservation
- The property is contiguous to land already protected by easements
or other conservation restrictions, or is in close proximity to private
land already preserved or likely to be permanently protected.
- The easement
will set an important precedent for protecting and conserving other
land in close proximity.
- The property
affects the integrity of a significant watershed, creek, pond, wetland,
river, or other body of water or aquifers.
- The property
affects the integrity of pastures, woodlands, or other topographical
terrain of natural importance requiring protection of threatened, rare,
or endangered plants and animals.
Land
Use
- The
property is in or is capable of active agricultural or forestry use.
- The property
is of sufficient size (i.e. more 3 acres).
- The property
supports significant agricultural cultivation or other endeavor.
- The property
buffers agricultural land, wetland, wildlife habitats or other sensitive
natural areas, or includes important wildlife habitats and/or known
migration routes.